Retirement plan

C.B.I. OF WV PROFIT SHARING PLAN

Name: CBI OF WVA PROFIT SHARING PLAN - C.B.I. OF WV PROFIT SHARING PLAN (2018) Form 5500
Creator: CBI OF WVA PROFIT SHARING PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, C.B.I. OF WV PROFIT SHARING PLAN, CBI OF WVA PROFIT SHARING PLAN

CBI OF WVA PROFIT SHARING PLANEIN 55-0519438Plan #001PY 2018

PO BOX 516 - MORGANTOWN, WV 26507304-292-1688

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.6M

-14.4% from 2017

Total participants

+1.3% from 2017

Average account balance

$22,447

-7.3% from 2017

Annual return

-5.89%

-22.25 pp from 2017

Benchmarks

See 15,017 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort15,017 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.23M

Not enough data

1 years with asset history on file

Average account balance

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

$35K

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.

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.

139.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$120K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+12.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6292

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2J3E

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
3E
One-participant plan combining with another plan
A one-participant plan that satisfies minimum coverage requirements of section 410(b) only when combined with another plan of the employer.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$262K

$3356 / participant

Other / not subdivided$262K100.0%

% of EOY assets

16.199%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,447

$57,350-60.9%

$83,850-73.2%

$64,181-65.0%

Participation rate

91.0%

68.6%+22.4pp

76.1%+14.9pp

69.6%+21.5pp

Annual return

-5.89%

11.38%-17.3pp

850.92%-856.8pp

7.63%-13.5pp

Employer contribution / active EE

$2,545-100.0%

$3,631-100.0%

$2,381-100.0%

Participant deferral / active EE

$1,272

$2,993-57.5%

$4,082-68.8%

$3,470-63.3%

Admin fee / account holder

$3,636

$4,046-10.1%

$5,478-33.6%

$4,887-25.6%

C.B.I. OF WV PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

C.B.I. OF WV PROFIT SHARING PLAN

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