Retirement plan

WB&T BANKSHARES, INC. 401(K) PLAN

Name: WB&T BANKSHARES, INC. - WB&T BANKSHARES, INC. 401(K) PLAN (2019) Form 5500
Creator: WB&T BANKSHARES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WB&T BANKSHARES, INC. 401(K) PLAN, WB&T BANKSHARES, INC.

WB&T BANKSHARES, INC.EIN 58-1853934Plan #001PY 2019

3296 GREYSTONE WAY - VALDOSTA, GA 31605229-316-4185wbtbankshares.comLinkedIn51-200 employeesbanking

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$8M

+4.1% from 2018

Total participants

143

+0.7% from 2018

Average account balance

$62,219

-0.7% from 2018

Annual return

17.40%

+0.35 pp from 2018

Benchmarks

See 2,202 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,202 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.66M

Not enough data

1 years with asset history on file

Average account balance

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

$103K

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.

142

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.

83.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$992K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+18.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$34

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

1 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
WRIGHT RETIREMENT SERVICES, LLC1 year Filed as: WRIGHT RETIREMENT SERVICES Service code 13 · EIN 58-2464392	Contract Administrator	$11,586
AMERICAN FUNDS1 year Filed as: CAPITAL GROUP RETIREMENT PLAN SERV Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$2,000

Plan features & details

Pension benefit codes2E2J2K2F2G3D3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$7K

$50 / participant

Contract admin$7K100.0%

% of EOY assets

0.083%

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: MCNAIR, MCLEMORE, MIDDLEBROOKS & CO
Auditor EIN: 581094351
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$62,219

$98,982-37.1%

$162,171-61.6%

$65,185-4.5%

Participation rate

89.5%

85.8%+3.7pp

87.6%+1.9pp

70.2%+19.3pp

Annual return

17.40%

24.84%-7.4pp

115.60%-98.2pp

29.38%-12.0pp

Employer contribution / active EE

$2,937

$3,467-15.3%

$5,613-47.7%

$2,177+34.9%

Participant deferral / active EE

$3,832

$5,384-28.8%

$7,297-47.5%

$3,514+9.0%

Admin fee / account holder

$52

$596-91.4%

$10,843-99.5%

$847-93.9%

Provider

Service type

Compensation

WRIGHT RETIREMENT SERVICES, LLC1 year

Filed as: WRIGHT RETIREMENT SERVICES

Service code 13 · EIN 58-2464392

Contract Administrator

$11,586

AMERICAN FUNDS1 year

Filed as: CAPITAL GROUP RETIREMENT PLAN SERV

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$2,000

WB&T BANKSHARES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WB&T BANKSHARES, INC. 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