Retirement plan

FIRST NATIONAL CAPITAL CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN

Name: FIRST NATIONAL CAPITAL CORPORATION - FIRST NATIONAL CAPITAL CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN (2023) Form 5500
Creator: FIRST NATIONAL CAPITAL CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRST NATIONAL CAPITAL CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN, FIRST NATIONAL CAPITAL CORPORATION

FIRST NATIONAL CAPITAL CORPORATIONEIN 59-3796875Plan #002PY 2023

38 DISCOVERY, SUITE 150 - IRVINE, CA 92618949-707-2070firstncc.comLinkedIn51-200 employeesfinancial services

Other plans on this EIN

1 filing

#001Retirement-$5.8M assets

Prospect flagsLow returnsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$103.4M

-2.7% from 2022

Total participants

+9.2% from 2022

Average account balance

$1,498,768

-9.8% from 2022

Annual return

-4.23%

-21.60 pp from 2022

Benchmarks

See 7,176 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,176 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$103.41M

Not enough data

1 years with asset history on file

Average account balance

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

$1.5M

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.

95.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.61M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$39K

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

-4.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$23388

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 codes2E2P2Q3I

Plan features

2E
Profit-sharing
Profit-sharing plan.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

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.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$1.6M

$39360 / participant

Other / not subdivided$2M100.0%

% of EOY assets

1.560%

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

$1,498,768

$125,797+1091.4%

$170,057+781.3%

$75,177+1893.6%

Participation rate

95.1%

83.6%+11.5pp

87.0%+8.1pp

67.2%+27.9pp

Annual return

-4.23%

27.20%-31.4pp

53.42%-57.6pp

160.75%-165.0pp

Employer contribution / active EE

$39,322

$4,616+751.8%

$6,790+479.1%

$2,671+1372.1%

Participant deferral / active EE

$6,838-100.0%

$10,411-100.0%

$4,126-100.0%

Admin fee / account holder

$23,388

$8,177+186.0%

$12,826+82.3%

$5,651+313.8%

FIRST NATIONAL CAPITAL CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIRST NATIONAL CAPITAL CORPORATION EMPLOYEE STOCK OWNERSHIP 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