Retirement plan

FIRST BANK OF COASTAL GEORGIA PROFIT SHARING PLAN

Name: FIRST BANK OF COASTAL GEORGIA - FIRST BANK OF COASTAL GEORGIA PROFIT SHARING PLAN (2024) Form 5500
Creator: FIRST BANK OF COASTAL GEORGIA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRST BANK OF COASTAL GEORGIA PROFIT SHARING PLAN, FIRST BANK OF COASTAL GEORGIA

FIRST BANK OF COASTAL GEORGIAEIN 58-0381637Plan #002PY 2024

P.O. BOX 8 - PEMBROKE, GA 31321912-653-4396

Prospect flagsLow returnsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1.1M

-28.3% from 2023

Total participants

+21.7% from 2023

Average account balance

$51,510

-21.5% from 2023

Annual return

0.55%

+0.33 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

$1.08M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

74.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$158K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+0.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$28257

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 codes2E

Plan features

2E
Profit-sharing
Profit-sharing plan.

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$593K

$21978 / participant

Other / not subdivided$593K100.0%

% of EOY assets

54.857%

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

$51,510

$138,385-62.8%

$184,243-72.0%

$80,925-36.3%

Participation rate

74.1%

83.9%-9.8pp

86.8%-12.8pp

67.7%+6.4pp

Annual return

0.55%

20.02%-19.5pp

28.82%-28.3pp

35.65%-35.1pp

Employer contribution / active EE

$4,851-100.0%

$6,427-100.0%

$2,756-100.0%

Participant deferral / active EE

$5,869

$7,075-17.1%

$9,132-35.7%

$4,299+36.5%

Admin fee / account holder

$28,257

$10,489+169.4%

$13,914+103.1%

$6,940+307.2%

FIRST BANK OF COASTAL GEORGIA PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIRST BANK OF COASTAL GEORGIA 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