Retirement plan

TRISTAR BANK 401(K) PLAN

Name: TRISTAR BANK - TRISTAR BANK 401(K) PLAN (2024) Form 5500
Creator: TRISTAR BANK
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TRISTAR BANK 401(K) PLAN, TRISTAR BANK

TRISTAR BANKEIN 56-2136525Plan #001PY 2024

719 EAST COLLEGE STREET - DICKSON, TN 37055615-446-7100tristarbank.comLinkedIn51-200 employeesbanking

Prospect flagsHigh fees

Top hat statement on fileNQDC

Filed December 17, 2021 (most recent of 2 filings on file)

Plan administrator

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719 East College Street

Dickson, TN 37055

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Plans declared (1)

Plan name not on file8 emp

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Total assets (EOY)

$7.5M

+9.2% from 2023

Total participants

-2.1% from 2023

Average account balance

$85,645

+14.3% from 2023

Annual return

13.48%

-0.06 pp from 2023

Benchmarks

See 7,155 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,155 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.45M

Not enough data

1 years with asset history on file

Average account balance

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

$86K

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.

93.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$572K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+13.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10561

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
CETERA ADVISOR NETWORKS LLC4 years Service code 55	Other Commissions	$56,920
CETERA ADVISOR NETWORKS LLC4 years Filed as: CETERA ADVISOR NETWORKS, LLC Service code 55 200 N SEPULVEDA BLVD STE 1200 · EL SEGUNDO, CA 90245	Other Commissions	$0

Plan features & details

Pension benefit codes2E2J2K2F2G3D

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.
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.

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

$919K

$11780 / participant

Other / not subdivided$919K100.0%

% of EOY assets

12.331%

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

$85,645

$138,386-38.1%

$184,260-53.5%

$80,935+5.8%

Participation rate

93.6%

83.9%+9.7pp

86.8%+6.8pp

67.7%+25.9pp

Annual return

13.48%

20.02%-6.5pp

28.84%-15.4pp

35.66%-22.2pp

Employer contribution / active EE

$3,381

$4,851-30.3%

$6,427-47.4%

$2,757+22.7%

Participant deferral / active EE

$3,956

$7,076-44.1%

$9,133-56.7%

$4,299-8.0%

Admin fee / account holder

$10,561

$10,489+0.7%

$13,898-24.0%

$6,924+52.5%

Provider

Service type

Compensation

CETERA ADVISOR NETWORKS LLC4 years

Service code 55

Other Commissions

$56,920

CETERA ADVISOR NETWORKS LLC4 years

Filed as: CETERA ADVISOR NETWORKS, LLC

Service code 55

200 N SEPULVEDA BLVD STE 1200 · EL SEGUNDO, CA 90245

Other Commissions

TRISTAR BANK 401(K) 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

TRISTAR BANK 401(K) 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