Retirement plan

CNB BANK, INC. 401(K) PROFIT SHARING PLAN

Name: CNB BANK, INC. - CNB BANK, INC. 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: CNB BANK, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CNB BANK, INC. 401(K) PROFIT SHARING PLAN, CNB BANK, INC.

CNB BANK, INC.EIN 55-0143757Plan #002PY 2021

101 S WASHINGTON STREET, PO BOX 130 - BERKELEY SPRINGS, WV 25411304-258-1520cnb.bankLinkedIn51-200 employeesbanking

Other plans on this EIN

1 filing

#001Retirement-$8.9M assets

Prospect flagsHigh retiree %Low participant contribution

Top hat statement on fileNQDC

Filed March 12, 2018

Plan administrator

Plan administrator name— Sign in and upgrade to view

101 S. Washington Street

Berkeley Springs State: WV Zip Code: 25411

Email— Sign in and upgrade to view Phone— Sign in and upgrade to view

Plans declared (1)

Supplemental Executive Retirement Plan Agreement3 emp

Open the filing PDF

How to read this page

Total assets (EOY)

$8.8M

+28.4% from 2020

Total participants

138

+9.5% from 2020

Average account balance

$63,818

+16.3% from 2020

Annual return

19.03%

+3.63 pp from 2020

Benchmarks

See 99 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Cohort99 peers

Snapshot2021

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$11.23M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$81K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

139

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.08M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.28%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$187

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 3 by compensation

Provider	Service type	Compensation
CBIZ RETIREMENT PLAN SERVICES1 year Filed as: CBIZ BENEFITS AND INSURANCE SERVICE Service code 49 4615 SOUTHWEST FWY FL 3 · HOUSTON, TX 77027	Other Services	$16,026
GREAT-WEST LIFE & ANNUITY INSURANCE4 years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$15,696
CBIZ RETIREMENT PLAN SERVICES1 year Filed as: CBIZ BENEFITS & INS SERVICES INC Service code 13 PO BOX 632886 · CINCINNATI, OH 45263	Contract Administrator	$600

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$21K

$214 / participant

Contract admin$21K100.0%

% of EOY assets

0.241%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SMITH ELLIOTT KEARNS & COMPANY, LLC
Auditor EIN: 520783935
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$63,818

$932,052-93.2%

$189,537-66.3%

Participation rate

100.0%

77.2%+22.8pp

87.8%+12.2pp

Annual return

19.03%

10.81%+8.2pp

555.34%-536.3pp

Employer contribution / active EE

$4,536

$3,785+19.9%

$6,161-26.4%

Participant deferral / active EE

$5,026

$5,497-8.6%

$8,220-38.9%

Admin fee / account holder

$154

$117,148-99.9%

$12,048-98.7%

Provider

Service type

Compensation

CBIZ RETIREMENT PLAN SERVICES1 year

Filed as: CBIZ BENEFITS AND INSURANCE SERVICE

Service code 49

4615 SOUTHWEST FWY FL 3 · HOUSTON, TX 77027

Other Services

$16,026

GREAT-WEST LIFE & ANNUITY INSURANCE4 years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$15,696

CBIZ RETIREMENT PLAN SERVICES1 year

Filed as: CBIZ BENEFITS & INS SERVICES INC

Service code 13

PO BOX 632886 · CINCINNATI, OH 45263

Contract Administrator

$600

CNB BANK, INC. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CNB BANK, INC. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion