Retirement plan

CAROLINA BANK & TRUST COMPANY PROFIT SHARING AND 401(K) PLAN

Name: CAROLINA BANK & TRUST COMPANY - CAROLINA BANK & TRUST COMPANY PROFIT SHARING AND 401(K) PLAN (2016) Form 5500
Creator: CAROLINA BANK & TRUST COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CAROLINA BANK & TRUST COMPANY PROFIT SHARING AND 401(K) PLAN, CAROLINA BANK & TRUST COMPANY

CAROLINA BANK & TRUST COMPANYEIN 57-0294574Plan #001PY 2016

72 PUBLIC SQUARE - DARLINGTON, SC 295320000843-398-2915

Prospect flagsHigh cashLow employer contribution

How to read this page

Total assets (EOY)

$6.8M

No prior year

Total participants

100

No prior year

Average account balance

No prior year

Annual return

5.82%

No prior year

Benchmarks

See 7,671 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,671 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.52M

Not enough data

1 years with asset history on file

Average account balance

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

$120K

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.

96.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$621K

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

+13.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$15864

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

Top 2 by compensation

Provider	Service type	Compensation
AMERICAN FUNDS2+ years Filed as: CAPITAL RESEARCH AND MANAGEMENT Service code 64 · EIN 95-1411037 333 SOUTH HOPE STREET · LOS ANGELES, CA 90071	Recordkeeping Fees	$1,269
STIFEL NICOLAUS & CO INC1+ years Filed as: STIFEL, NICOLAUS & COMPANY, INCORPO Service code 55 · EIN 43-0538770 1325 CHEROKEE ROAD · FLORENCE, SC 29501	Other Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$1K

$16 / participant

Investment mgmt$1K100.0%

% of EOY assets

0.019%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: J. W. HUNT AND COMPANY, LLP.
Auditor EIN: 570138290
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$87,834-100.0%

$133,975-100.0%

$62,881-100.0%

Participation rate

0.0%

83.4%-83.4pp

87.1%-87.1pp

69.3%-69.3pp

Annual return

5.82%

12.05%-6.2pp

29.29%-23.5pp

20.14%-14.3pp

Employer contribution / active EE

$1,045

$3,482-70.0%

$5,211-80.0%

$2,281-54.2%

Participant deferral / active EE

$2,750

$4,812-42.9%

$6,282-56.2%

$3,203-14.1%

Admin fee / account holder

$5,372-100.0%

$9,324-100.0%

$4,296-100.0%

Provider

Service type

Compensation

AMERICAN FUNDS2+ years

Filed as: CAPITAL RESEARCH AND MANAGEMENT

Service code 64 · EIN 95-1411037

333 SOUTH HOPE STREET · LOS ANGELES, CA 90071

Recordkeeping Fees

$1,269

STIFEL NICOLAUS & CO INC1+ years

Filed as: STIFEL, NICOLAUS & COMPANY, INCORPO

Service code 55 · EIN 43-0538770

1325 CHEROKEE ROAD · FLORENCE, SC 29501

Other Commissions

CAROLINA BANK & TRUST COMPANY PROFIT SHARING AND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CAROLINA BANK & TRUST COMPANY PROFIT SHARING AND 401(K) 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