Retirement plan

FIRST BRECKINRIDGE BANCSHARES, INC. RETIREMENT PLAN

Name: FIRST BRECKINRIDGE BANCSHARES, INC. - FIRST BRECKINRIDGE BANCSHARES, INC. RETIREMENT PLAN (2018) Form 5500
Creator: FIRST BRECKINRIDGE BANCSHARES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRST BRECKINRIDGE BANCSHARES, INC. RETIREMENT PLAN, FIRST BRECKINRIDGE BANCSHARES, INC.

FIRST BRECKINRIDGE BANCSHARES, INC.EIN 61-1035990Plan #001PY 2018

POB 365 240 NORTH FIRST STREET - IRVINGTON, KY 40146270-547-2271firstbreckbancshares.comLinkedIn1-10 employeesbanking

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$14.1M

+27.6% from 2017

Total participants

315

+37.0% from 2017

Average account balance

$44,806

-6.8% from 2017

Annual return

27.70%

+18.85 pp from 2017

Benchmarks

See 1,457 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,457 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$29.51M

Not enough data

1 years with asset history on file

Average account balance

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

$68K

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.

433

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.

98.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.04M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+10.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$190

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 3 by compensation

Provider	Service type	Compensation
MERIDIAN WEALTH MANAGEMENT LLC2 years Service code 27 250 W MAIN ST STE 3150 · LEXINGTON, KY 40507	Advisory (Plan)	$56,399
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$36,396
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$1,709

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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.

Opportunity flags

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$93K

$327 / participant

Investment mgmt$56K60.8%
Contract admin$36K39.2%

% of EOY assets

0.657%

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: JONES, NALE & MATTINGLY
Auditor EIN: 610420207
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,806

$80,005-44.0%

$140,019-68.0%

$55,725-19.6%

Participation rate

100.0%

87.0%+13.0pp

87.5%+12.5pp

70.9%+29.1pp

Annual return

27.70%

0.46%+27.2pp

651.15%-623.5pp

244.93%-217.2pp

Employer contribution / active EE

$1,630

$3,403-52.1%

$5,605-70.9%

$2,078-21.6%

Participant deferral / active EE

$3,070

$5,264-41.7%

$6,927-55.7%

$3,356-8.5%

Admin fee / account holder

$295

$116+154.7%

$10,705-97.2%

$115+155.8%

Provider

Service type

Compensation

MERIDIAN WEALTH MANAGEMENT LLC2 years

Service code 27

250 W MAIN ST STE 3150 · LEXINGTON, KY 40507

Advisory (Plan)

$56,399

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$36,396

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$1,709

FIRST BRECKINRIDGE BANCSHARES, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIRST BRECKINRIDGE BANCSHARES, INC. RETIREMENT 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