Retirement plan

BANK OF THE MOUNTAINS, INC. EMPLOYEES PROFIT SHARING PLAN

Name: BANK OF THE MOUNTAINS, INC. - BANK OF THE MOUNTAINS, INC. EMPLOYEES PROFIT SHARING PLAN (2017) Form 5500
Creator: BANK OF THE MOUNTAINS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BANK OF THE MOUNTAINS, INC. EMPLOYEES PROFIT SHARING PLAN, BANK OF THE MOUNTAINS, INC.

BANK OF THE MOUNTAINS, INC.EIN 61-0849085Plan #001PY 2017

P. O. BOX 309 - WEST LIBERTY, KY 414720309606-743-3141bankofthemountains.comLinkedIn11-50 employeesbanking

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$2.2M

-34.9% from 2016

Total participants

-3.7% from 2016

Average account balance

$93,141

-29.5% from 2016

Annual return

9.97%

+1.49 pp from 2016

Benchmarks

See 30,802 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort30,802 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.17M

Not enough data

1 years with asset history on file

Average account balance

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

$62K

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.

134.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$94K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+9.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$15685

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 codes2E2H3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

2 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.)

Expense breakdown

Schedule H Part II

Admin total

$1.6M

$70590 / participant

Other / not subdivided$2M100.0%

% of EOY assets

72.631%

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

$93,141

$171,867-45.8%

$149,721-37.8%

$147,586-36.9%

Participation rate

91.3%

88.2%+3.1pp

87.1%+4.2pp

82.8%+8.5pp

Annual return

9.97%

2113.36%-2103.4pp

1501.67%-1491.7pp

578.59%-568.6pp

Employer contribution / active EE

$2,264

$6,275-63.9%

$5,444-58.4%

$4,876-53.6%

Participant deferral / active EE

$624

$7,270-91.4%

$6,568-90.5%

$5,439-88.5%

Admin fee / account holder

$67,649

$13,799+390.2%

$11,282+499.6%

$10,886+521.4%

BANK OF THE MOUNTAINS, INC. EMPLOYEES PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BANK OF THE MOUNTAINS, INC. EMPLOYEES 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