Retirement plan

CITIZENS BANK OF BATESVILLE 401(K) PROFIT SHARING PLAN AND TRUST

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

CITIZENS BANK OF BATESVILLEEIN 71-0258539Plan #001PY 2015

PO BOX 2156, 200 SOUTH THIRD - BATESVILLE, AR 72501870-698-6339thecitizensbank.netLinkedIn201-500 employeesfinancial services

Prospect flagsHigh feesLow assets / participant

Top hat statement on fileNQDC

Filed February 11, 2011

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$6.3M

No prior year

Total participants

221

No prior year

Average account balance

$29,066

No prior year

Annual return

1.99%

No prior year

Benchmarks

See 2,156 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,156 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.21M

Not enough data

1 years with asset history on file

Average account balance

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

$85K

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.

190

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.

85.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.38M

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

+12.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$533

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

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS1+ years Service code 12 · EIN 13-3689044	Distribution (12b-1) fees; Recordkeep...	$36,436
STEPHENS INC1+ years Service code 16 111 CENTER ST · LITTLE ROCK, AR 72201	Consulting	$14,874
SF FISER & COMPANY1+ years Filed as: SF FISER @ COMPANY Service code 10 · EIN 71-0749699	Accounting	$14,209
CITIZENS BANK1+ years Service code 21 · EIN 71-0258539	Bank Trustee	$13,550
PRINCIPAL LIFE INSURANCE COMPANY1+ years Filed as: PRINCIPAL INSURANCE COMPANY Service code 13 · EIN 42-0127290	Contract Administrator	$10,976
PENSION PLAN ADMINISTRATION, LLC1+ years Filed as: PENSION PLAN ADMINISTRATION LLC Service code 13 · EIN 71-0816002	Contract Administrator	$6,720
CHARLES SCHWAB & CO., INC.1+ years Filed as: CHARLES SCHWAB & CO, INC. Service code 33 · EIN 94-1737782	Securities brokerage; Securities brok...	$109

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D3H

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.
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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 assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$99K

$673 / participant

Contract admin$27K27.2%
Other / not subdivided$72K72.8%

% of EOY assets

1.569%

all-in expense ratio

Categories reported

1 / 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: SF FISER & COMPANY
Auditor EIN: 710749699
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,066

$70,667-58.9%

$123,105-76.4%

$52,331-44.5%

Participation rate

97.3%

83.7%+13.6pp

86.8%+10.5pp

68.1%+29.2pp

Annual return

1.99%

6.23%-4.2pp

13.22%-11.2pp

4.54%-2.6pp

Employer contribution / active EE

$2,451

$2,946-16.8%

$5,151-52.4%

$1,882+30.3%

Participant deferral / active EE

$3,122

$4,493-30.5%

$6,229-49.9%

$3,022+3.3%

Admin fee / account holder

$456

$506-10.0%

$9,014-94.9%

$592-22.9%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS1+ years

Service code 12 · EIN 13-3689044

Distribution (12b-1) fees; Recordkeep...

$36,436

STEPHENS INC1+ years

Service code 16

111 CENTER ST · LITTLE ROCK, AR 72201

Consulting

$14,874

SF FISER & COMPANY1+ years

Filed as: SF FISER @ COMPANY

Service code 10 · EIN 71-0749699

Accounting

$14,209

CITIZENS BANK1+ years

Service code 21 · EIN 71-0258539

Bank Trustee

$13,550

PRINCIPAL LIFE INSURANCE COMPANY1+ years

Filed as: PRINCIPAL INSURANCE COMPANY

Service code 13 · EIN 42-0127290

Contract Administrator

$10,976

PENSION PLAN ADMINISTRATION, LLC1+ years

Filed as: PENSION PLAN ADMINISTRATION LLC

Service code 13 · EIN 71-0816002

Contract Administrator

$6,720

CHARLES SCHWAB & CO., INC.1+ years

Filed as: CHARLES SCHWAB & CO, INC.

Service code 33 · EIN 94-1737782

Securities brokerage; Securities brok...

$109

CITIZENS BANK OF BATESVILLE 401(K) PROFIT SHARING PLAN AND TRUST

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CITIZENS BANK OF BATESVILLE 401(K) PROFIT SHARING PLAN AND TRUST

Top hat statement on fileNQDC

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