Retirement plan

BANK OF CAMILLA PROFIT SHARING & 401(K) PLAN

Name: BANK OF CAMILLA - BANK OF CAMILLA PROFIT SHARING & 401(K) PLAN (2022) Form 5500
Creator: BANK OF CAMILLA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BANK OF CAMILLA PROFIT SHARING & 401(K) PLAN, BANK OF CAMILLA

BANK OF CAMILLAEIN 58-0152630Plan #003PY 2022

P.O. BOX 111 - CAMILLA, GA 317300111229-336-5225bankofcamilla.netLinkedIn11-50 employeesbanking

Other plans on this EIN

1 filing

#002Retirement-$3.6M assets

Prospect flagsHigh feesLow participant contribution

Top hat statement on fileNQDC

Filed August 11, 2021

Plan administrator

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50 East Broad St.

Camilla, GA 31730

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Plans declared (1)

Supplemental Executive Retirement Plan2 emp

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Total assets (EOY)

$1.1M

-10.8% from 2021

Total participants

-13.3% from 2021

Average account balance

$44,135

+2.9% from 2021

Annual return

-8.87%

-28.56 pp from 2021

Benchmarks

See 35,205 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort35,205 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.86M

Not enough data

1 years with asset history on file

Average account balance

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

$62K

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.

142.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$64K

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

+15.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2155

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

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 codes2E2H2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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 participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$113K

$6273 / participant

Other / not subdivided$113K100.0%

% of EOY assets

9.840%

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

$44,135

$167,533-73.7%

$151,645-70.9%

$134,545-67.2%

Participation rate

100.0%

88.4%+11.6pp

87.5%+12.5pp

81.2%+18.8pp

Annual return

-8.87%

7.81%-16.7pp

3.34%-12.2pp

418.37%-427.2pp

Employer contribution / active EE

$2,627

$6,828-61.5%

$6,165-57.4%

$4,742-44.6%

Participant deferral / active EE

$1,133

$8,985-87.4%

$8,363-86.4%

$6,401-82.3%

Admin fee / account holder

$4,343

$13,781-68.5%

$11,614-62.6%

$11,431-62.0%

BANK OF CAMILLA PROFIT SHARING & 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

BANK OF CAMILLA PROFIT SHARING & 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