Retirement plan

PEOPLES BANK & TRUST CO. OF HAZARD SAVINGS & RETIREMENT PLAN

Name: PEOPLES BANK & TRUST CO. OF HAZARD - PEOPLES BANK & TRUST CO. OF HAZARD SAVINGS & RETIREMENT PLAN (2016) Form 5500
Creator: PEOPLES BANK & TRUST CO. OF HAZARD
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PEOPLES BANK & TRUST CO. OF HAZARD SAVINGS & RETIREMENT PLAN, PEOPLES BANK & TRUST CO. OF HAZARD

PEOPLES BANK & TRUST CO. OF HAZARDEIN 61-0305640Plan #002PY 2016

PO BOX 989 - HAZARD, KY 417020989606-436-2161

Prospect flagsLow returnsLow participationLow employer contributionLow participant contributionCorrective distributions

Top hat statement on fileNQDC

Filed November 9, 2005

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.

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Total assets (EOY)

$3.9M

-1.2% from 2015

Total participants

104

-1.9% from 2015

Average account balance

$57,473

+19.2% from 2015

Annual return

3.85%

+2.77 pp from 2015

Benchmarks

See 7,670 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,670 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.50M

Not enough data

1 years with asset history on file

Average account balance

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

$73K

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.

61.5%

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

$2K

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

+8.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1422

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Filed as: MASS MUTUAL LIFE INSURANCE CO. Service code 52 · EIN 04-1590850 1295 STATE STREET · SPRINGFIELD, MA 01111	Indirect Investment Fees	$5,418
BENEFITS PLUS2+ years Service code 13 · EIN 61-1104063 2365 HARRODSBURG ROAD, SUITE A-220 · LEXINGTON, KY 40504	Contract Administrator	$4,608
CATHERINE LAURIO2+ years Filed as: CATHERINE LEAR CHATFIELD Service code 53 2365 HARRODSBURG ROAD, SUITE A-220 · LEXINGTON, KY 40504	Insurance Commissions	$0
DRIEHAUS CAPITAL MANAGEMENT LLC2+ years Filed as: DRIEHAUS Service code 52 · EIN 04-1590850	Indirect Investment Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Filed as: MASS MUTUAL LIFE INSURANCE COMPANY Service code 60	Sub-TA Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 60	Sub-TA Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$7K

$80 / participant

Investment mgmt$4K51.8%
Contract admin$2K20.9%
Other / not subdivided$2K27.2%

% of EOY assets

0.191%

all-in expense ratio

Categories reported

2 / 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: CROWE HORWATH LLP
Auditor EIN: 350921680
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$57,473

$87,841-34.6%

$133,981-57.1%

$62,891-8.6%

Participation rate

61.3%

83.4%-22.1pp

87.1%-25.8pp

69.3%-8.0pp

Annual return

3.85%

12.05%-8.2pp

29.30%-25.4pp

20.14%-16.3pp

Employer contribution / active EE

$375

$3,483-89.2%

$5,211-92.8%

$2,281-83.6%

Participant deferral / active EE

$1,689

$4,812-64.9%

$6,282-73.1%

$3,203-47.3%

Admin fee / account holder

$110

$5,371-98.0%

$9,324-98.8%

$4,296-97.5%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Filed as: MASS MUTUAL LIFE INSURANCE CO.

Service code 52 · EIN 04-1590850

1295 STATE STREET · SPRINGFIELD, MA 01111

Indirect Investment Fees

$5,418

BENEFITS PLUS2+ years

Service code 13 · EIN 61-1104063

2365 HARRODSBURG ROAD, SUITE A-220 · LEXINGTON, KY 40504

Contract Administrator

$4,608

CATHERINE LAURIO2+ years

Filed as: CATHERINE LEAR CHATFIELD

Service code 53

2365 HARRODSBURG ROAD, SUITE A-220 · LEXINGTON, KY 40504

Insurance Commissions

DRIEHAUS CAPITAL MANAGEMENT LLC2+ years

Filed as: DRIEHAUS

Service code 52 · EIN 04-1590850

Indirect Investment Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Filed as: MASS MUTUAL LIFE INSURANCE COMPANY

Service code 60

Sub-TA Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 60

Sub-TA Fees

PEOPLES BANK & TRUST CO. OF HAZARD SAVINGS & RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PEOPLES BANK & TRUST CO. OF HAZARD SAVINGS & RETIREMENT 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