Retirement plan

THE CITIZENS NATIONAL BANK OF MERIDIAN 401(K) PROFIT SHARING PLAN

Name: THE CITIZENS NATIONAL BANK OF MERIDIAN - THE CITIZENS NATIONAL BANK OF MERIDIAN 401(K) PROFIT SHARING PLAN (2015) Form 5500
Creator: THE CITIZENS NATIONAL BANK OF MERIDIAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE CITIZENS NATIONAL BANK OF MERIDIAN 401(K) PROFIT SHARING PLAN, THE CITIZENS NATIONAL BANK OF MERIDIAN

THE CITIZENS NATIONAL BANK OF MERIDIANEIN 64-0134521Plan #002PY 2015

P.O. BOX 911 - MERIDIAN, MS 393020911601-693-1331LinkedIn501-1000 employeesbanking

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$18.5M

No prior year

Total participants

320

No prior year

Average account balance

$71,260

No prior year

Annual return

-1.25%

No prior year

Benchmarks

See 1,335 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,335 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$38.72M

Not enough data

1 years with asset history on file

Average account balance

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

$98K

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.

395

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.

98.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.35M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+14.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$226

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 2 by compensation

Provider	Service type	Compensation
PENSION FINANCIAL SERVICES, INC.1+ years Filed as: PENSION FINANCIAL SVCS., INC. Service code 13 3700 CRESTWOOD PARKWAY, SUITE 550 · DULUTH, GA 30096	Contract Administrator	$11,739
NATIONWIDE1+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$8,883

Plan features & details

Pension benefit codes2E2G2J2K2R3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$16K

$55 / participant

Investment mgmt$4202.7%
Contract admin$9K56.4%
Other / not subdivided$6K41.0%

% of EOY assets

0.085%

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: SWAIN & COLLINS, P.A.
Auditor EIN: 640854432
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$71,260

$68,413+4.2%

$123,105-42.1%

$55,191+29.1%

Participation rate

79.1%

84.5%-5.4pp

86.8%-7.7pp

69.2%+9.9pp

Annual return

-1.25%

6.30%-7.5pp

13.22%-14.5pp

10.78%-12.0pp

Employer contribution / active EE

$1,651

$3,050-45.9%

$5,151-67.9%

$1,899-13.0%

Participant deferral / active EE

$2,939

$4,490-34.6%

$6,229-52.8%

$3,046-3.5%

Admin fee / account holder

$61

$88-31.0%

$9,014-99.3%

$91-33.2%

Provider

Service type

Compensation

PENSION FINANCIAL SERVICES, INC.1+ years

Filed as: PENSION FINANCIAL SVCS., INC.

Service code 13

3700 CRESTWOOD PARKWAY, SUITE 550 · DULUTH, GA 30096

Contract Administrator

$11,739

NATIONWIDE1+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$8,883

THE CITIZENS NATIONAL BANK OF MERIDIAN 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE CITIZENS NATIONAL BANK OF MERIDIAN 401(K) 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