Retirement plan

FIRST STATE FINANCIAL 401(K) PROFIT SHARING PLAN

Name: FIRST STATE FINANCIAL - FIRST STATE FINANCIAL 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: FIRST STATE FINANCIAL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRST STATE FINANCIAL 401(K) PROFIT SHARING PLAN, FIRST STATE FINANCIAL

FIRST STATE FINANCIALEIN 61-0192880Plan #002PY 2017

1810 CUMBERLAND AVENUE - MIDDLESBORO, KY 40965859-248-5950

Prospect flagsHigh cash

How to read this page

Total assets (EOY)

$8M

+18.6% from 2016

Total participants

105

0.0% from 2016

Average account balance

$86,950

+17.3% from 2016

Annual return

13.59%

+7.69 pp from 2016

Benchmarks

See 7,573 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,573 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$292K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+10.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

Top 2 by compensation

Provider	Service type	Compensation
CETERA ADVISOR NETWORKS LLC3+ years Service code 55 · EIN 95-3845382	Other Commissions	$35,312
FIDELITY INVESTMENTS INSTITUTIONAL3+ years Service code 60 · EIN 04-2647786	Sub-TA Fees	$75

Plan features & details

Pension benefit codes2E2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.

Opportunity flags

1 tripped

OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$75

$1 / participant

Other / not subdivided$75100.0%

% of EOY assets

0.001%

all-in expense ratio

Categories reported

0 / 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: JONES NALE AND MATTINGLY PLC
Auditor EIN: 610420207
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$86,950

$100,041-13.1%

$149,718-41.9%

$70,131+24.0%

Participation rate

86.2%

83.6%+2.6pp

87.1%-0.9pp

69.5%+16.6pp

Annual return

13.59%

27.43%-13.8pp

1501.67%-1488.1pp

73.14%-59.6pp

Employer contribution / active EE

$2,013

$3,662-45.0%

$5,445-63.0%

$2,342-14.0%

Participant deferral / active EE

$2,507

$4,983-49.7%

$6,569-61.8%

$3,332-24.8%

Admin fee / account holder

$8,286-100.0%

$11,283-100.0%

$4,645-100.0%

Provider

Service type

Compensation

CETERA ADVISOR NETWORKS LLC3+ years

Service code 55 · EIN 95-3845382

Other Commissions

$35,312

FIDELITY INVESTMENTS INSTITUTIONAL3+ years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$75

FIRST STATE FINANCIAL 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIRST STATE FINANCIAL 401(K) 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