Retirement plan

ASSOCIATES' SAVINGS PLAN

Name: BANKERS FINANCIAL CORPORATION - ASSOCIATES' SAVINGS PLAN (2017) Form 5500
Creator: BANKERS FINANCIAL CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ASSOCIATES' SAVINGS PLAN, BANKERS FINANCIAL CORPORATION

BANKERS FINANCIAL CORPORATIONEIN 59-2318812Plan #333PY 2017

11101 ROOSEVELT BLVD. NORTH - ST. PETERSBURG, FL 33716727-823-4000

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed October 4, 1999 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

How to read this page

Total assets (EOY)

$39.7M

+18.5% from 2016

Total participants

998

-13.1% from 2016

Average account balance

$41,687

+37.3% from 2016

Annual return

18.08%

+8.04 pp from 2016

Benchmarks

See 1,453 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,453 peers

Snapshot2017

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Analytics

Total assets (EOY)

Plan-year ending balance

$50.40M

Not enough data

1 years with asset history on file

Average account balance

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

$71K

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.

714

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.

95.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.17M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+11.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$156

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 6 by compensation

Provider	Service type	Compensation
BLUESTAR RETIREMENT SERVICES3+ years Service code 13 · EIN 59-3092339	Contract Administrator	$100,391
TD AMERITRADE, INC.3+ years Filed as: TD AMERITRADE TRUST COMPANY Service code 19 · EIN 20-0937408	Securities Custodian	$20,741
FIDUCIARY PARTNERS RETIREMENT GROUP3+ years Service code 16 · EIN 51-0595589	Consulting	$15,525
FIDUCIARY INVESTMENT ADVISORS3+ years Filed as: FIDUCIARY PARTNERS INVESTMENT CONS Service code 26 · EIN 26-1370206	Advisory (Participants)	$15,000
BARLEY MCNAMARA WILD2 years Filed as: BARLEY MCNAMARA WILD CPA & ASSOC Service code 10 · EIN 27-3236857	Accounting	$9,000
TD AMERITRADE, INC.3+ years Filed as: TD AMERITRADE TRUST CO 20-0937408 Service code 19	Securities Custodian	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3D3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$161K

$222 / participant

Contract admin$161K100.0%

% of EOY assets

0.405%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: ASSURANCE DIMENSIONS
Auditor EIN: 263429295
Audit fees: (not subdivided)
Opinion code: Disclaimer

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,687

$81,537-48.9%

$149,718-72.2%

$69,631-40.1%

Participation rate

93.8%

86.1%+7.7pp

87.1%+6.7pp

70.7%+23.1pp

Annual return

18.08%

22.79%-4.7pp

1501.63%-1483.5pp

27571.02%-27552.9pp

Employer contribution / active EE

$1,489

$3,239-54.0%

$5,445-72.7%

$2,032-26.7%

Participant deferral / active EE

$4,131

$4,994-17.3%

$6,569-37.1%

$3,224+28.1%

Admin fee / account holder

$169

$107+58.1%

$11,283-98.5%

$110+53.0%

Provider

Service type

Compensation

BLUESTAR RETIREMENT SERVICES3+ years

Service code 13 · EIN 59-3092339

Contract Administrator

$100,391

TD AMERITRADE, INC.3+ years

Filed as: TD AMERITRADE TRUST COMPANY

Service code 19 · EIN 20-0937408

Securities Custodian

$20,741

FIDUCIARY PARTNERS RETIREMENT GROUP3+ years

Service code 16 · EIN 51-0595589

Consulting

$15,525

FIDUCIARY INVESTMENT ADVISORS3+ years

Filed as: FIDUCIARY PARTNERS INVESTMENT CONS

Service code 26 · EIN 26-1370206

Advisory (Participants)

$15,000

BARLEY MCNAMARA WILD2 years

Filed as: BARLEY MCNAMARA WILD CPA & ASSOC

Service code 10 · EIN 27-3236857

Accounting

$9,000

TD AMERITRADE, INC.3+ years

Filed as: TD AMERITRADE TRUST CO 20-0937408

Service code 19

Securities Custodian

ASSOCIATES' SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ASSOCIATES' SAVINGS PLAN

Top hat statement on fileNQDC

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