Retirement plan

COMMUNITY FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Name: COMMUNITY FINANCIAL SERVICES, INC. - COMMUNITY FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (2016) Form 5500
Creator: COMMUNITY FINANCIAL SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COMMUNITY FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN, COMMUNITY FINANCIAL SERVICES, INC.

COMMUNITY FINANCIAL SERVICES, INC.EIN 61-1016269Plan #001PY 2016

221 W. 5TH STREET - BENTON, KY 42025270-527-8616communitycablebroadband.comLinkedIn1-10 employeescomputer networking

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$44.1M

+20.1% from 2015

Total participants

203

+3.6% from 2015

Average account balance

$217,109

+15.3% from 2015

Annual return

25.15%

+10.78 pp from 2015

Benchmarks

See 2,214 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,214 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$28.19M

Not enough data

1 years with asset history on file

Average account balance

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

$117K

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.

240

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

$350K

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

+5.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$328

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
ASCENSUS LLC2+ years Filed as: RETIREMENT MANAGEMENT SERVICES, LLC Service code 15 · EIN 31-1560462	Recordkeeping	$17,624
STOLL KEENON OGDEN2+ years Service code 29 · EIN 61-0421389	Legal	$13,210
BKD, LLP2+ years Service code 10 · EIN 44-0160260	Accounting	$12,480
MERCER2+ years Filed as: MERCER CAPITAL Service code 34 · EIN 62-1154641	Valuation (appraisals, etc.)	$7,150

Plan features & details

Pension benefit codes2E2I2P3H3I

Plan features

2E
Profit-sharing
Profit-sharing plan.
2I
Stock bonus
Stock bonus plan.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$50K

$326 / participant

Other / not subdivided$50K100.0%

% of EOY assets

0.115%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BKD, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$217,109

$74,089+193.0%

$133,975+62.1%

$55,167+293.5%

Participation rate

100.0%

84.3%+15.7pp

87.1%+12.9pp

69.0%+31.0pp

Annual return

25.15%

12.11%+13.0pp

29.29%-4.1pp

169.23%-144.1pp

Employer contribution / active EE

$3,871

$3,064+26.4%

$5,211-25.7%

$1,963+97.2%

Participant deferral / active EE

$4,678-100.0%

$6,282-100.0%

$3,054-100.0%

Admin fee / account holder

$249

$458-45.7%

$9,324-97.3%

$504-50.7%

Provider

Service type

Compensation

ASCENSUS LLC2+ years

Filed as: RETIREMENT MANAGEMENT SERVICES, LLC

Service code 15 · EIN 31-1560462

Recordkeeping

$17,624

STOLL KEENON OGDEN2+ years

Service code 29 · EIN 61-0421389

Legal

$13,210

BKD, LLP2+ years

Service code 10 · EIN 44-0160260

Accounting

$12,480

MERCER2+ years

Filed as: MERCER CAPITAL

Service code 34 · EIN 62-1154641

Valuation (appraisals, etc.)

$7,150

COMMUNITY FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COMMUNITY FINANCIAL SERVICES, INC. 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