Retirement plan

FIRST BANK OF COASTAL GEORGIA PROFIT SHARING PLAN

Name: FIRST BANK OF COASTAL GEORGIA - FIRST BANK OF COASTAL GEORGIA PROFIT SHARING PLAN (2022) 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 2022

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

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1.4M

+8.5% from 2021

Total participants

+3.8% from 2021

Average account balance

$52,370

+4.3% from 2021

Annual return

0.30%

-0.35 pp from 2021

Benchmarks

See 7,130 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,130 peers

Snapshot2022

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

2 tripped

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

$49K

$1893 / participant

Other / not subdivided$49K100.0%

% of EOY assets

3.614%

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

$52,370

$110,083-52.4%

$151,628-65.5%

$68,495-23.5%

Participation rate

96.2%

84.0%+12.2pp

87.5%+8.7pp

67.9%+28.3pp

Annual return

0.30%

-10.12%+10.4pp

3.34%-3.0pp

-7.84%+8.1pp

Employer contribution / active EE

$4,470-100.0%

$6,165-100.0%

$2,596-100.0%

Participant deferral / active EE

$5,839

$6,526-10.5%

$8,363-30.2%

$4,028+45.0%

Admin fee / account holder

$1,893

$7,718-75.5%

$11,613-83.7%

$5,403-65.0%

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