Retirement plan

CITIZENS DEPOSIT BANK OF ARLINGTON 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN

Name: CITIZENS DEPOSIT BANK OF ARLINGTON - CITIZENS DEPOSIT BANK OF ARLINGTON 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN (2020) Form 5500
Creator: CITIZENS DEPOSIT BANK OF ARLINGTON
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CITIZENS DEPOSIT BANK OF ARLINGTON 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN, CITIZENS DEPOSIT BANK OF ARLINGTON

CITIZENS DEPOSIT BANK OF ARLINGTONEIN 61-0433632Plan #001PY 2020

#1 WALNUT STREET, P.O. BOX 10 - ARLINGTON, KY 42021270-655-6921citizensdepositbank.comLinkedIn11-50 employeesbanking

Prospect flagsLow returnsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$5M

+11.8% from 2019

Total participants

+10.0% from 2019

Average account balance

$91,582

+1.6% from 2019

Annual return

10.50%

-3.81 pp from 2019

Benchmarks

See 7,209 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,209 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.87M

Not enough data

1 years with asset history on file

Average account balance

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

$141K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$375K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+12.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1884

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 codes2E2F2H2J2R3D

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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.

Expense breakdown

Schedule H Part II

Admin total

$215K

$3917 / participant

Other / not subdivided$215K100.0%

% of EOY assets

4.277%

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

$91,582

$123,793-26.0%

$177,840-48.5%

$79,852+14.7%

Participation rate

100.0%

84.7%+15.3pp

87.7%+12.3pp

69.6%+30.4pp

Annual return

10.50%

22.82%-12.3pp

48.32%-37.8pp

31.72%-21.2pp

Employer contribution / active EE

$2,785

$4,095-32.0%

$5,919-53.0%

$2,471+12.7%

Participant deferral / active EE

$2,190

$5,956-63.2%

$7,714-71.6%

$3,740-41.4%

Admin fee / account holder

$3,917

$7,243-45.9%

$12,431-68.5%

$5,306-26.2%

CITIZENS DEPOSIT BANK OF ARLINGTON 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CITIZENS DEPOSIT BANK OF ARLINGTON 401(K) AND 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