Retirement plan

ROBERTSON BANKING COMPANY 401(K) PROFIT SHARING PLAN AND TRUST

Name: ROBERTSON BANKING COMPANY - ROBERTSON BANKING COMPANY 401(K) PROFIT SHARING PLAN AND TRUST (2021) Form 5500
Creator: ROBERTSON BANKING COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ROBERTSON BANKING COMPANY 401(K) PROFIT SHARING PLAN AND TRUST, ROBERTSON BANKING COMPANY

ROBERTSON BANKING COMPANYEIN 63-0177390Plan #002PY 2021

216 NORTH WALNUT AVENUE - DEMOPOLIS, AL 36732334-289-3564demopolisyouthbaseball.comLinkedIn51-200 employeesbanking

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$12.1M

+2.7% from 2020

Total participants

-8.7% from 2020

Average account balance

$148,073

+9.0% from 2020

Annual return

11.21%

-3.16 pp from 2020

Benchmarks

See 7,182 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,182 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.03M

Not enough data

1 years with asset history on file

Average account balance

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

$145K

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.

116.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$690K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+10.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$18978

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 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

2 tripped

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

$1.6M

$23880 / participant

Other / not subdivided$2M100.0%

% of EOY assets

12.981%

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

$148,073

$137,414+7.8%

$189,537-21.9%

$85,847+72.5%

Participation rate

97.0%

84.6%+12.4pp

87.8%+9.2pp

69.3%+27.7pp

Annual return

11.21%

38.14%-26.9pp

555.34%-544.1pp

318.61%-307.4pp

Employer contribution / active EE

$5,268

$4,344+21.3%

$6,161-14.5%

$2,565+105.4%

Participant deferral / active EE

$3,357

$6,260-46.4%

$8,220-59.2%

$3,952-15.1%

Admin fee / account holder

$19,221

$8,630+122.7%

$12,048+59.5%

$6,261+207.0%

ROBERTSON BANKING COMPANY 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ROBERTSON BANKING COMPANY 401(K) PROFIT SHARING PLAN AND TRUST

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