Retirement plan

FIRST SERVICE BANCSHARES PROFIT SHARING AND 401(K) PLAN

Name: FIRST SERVICE BANCSHARES, INC. - FIRST SERVICE BANCSHARES PROFIT SHARING AND 401(K) PLAN (2016) Form 5500
Creator: FIRST SERVICE BANCSHARES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRST SERVICE BANCSHARES PROFIT SHARING AND 401(K) PLAN, FIRST SERVICE BANCSHARES, INC.

FIRST SERVICE BANCSHARES, INC.EIN 71-0336112Plan #002PY 2016

P.O. BOX 190 - GREENBRIER, AR 72058501-679-7200firstservicebank.comLinkedIn51-200 employeesbanking

Prospect flagsLow returnsLow participation

Top hat statement on fileNQDC

Filed February 20, 2017

Plan administrator

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136 S Broadview

Greenbrier State: AR Zip Code: 72058

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Plans declared (1)

Performance Driven Deferred Compensation Plan1 emp

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Total assets (EOY)

$4.1M

-1.6% from 2015

Total participants

131

+3.1% from 2015

Average account balance

$41,593

-3.6% from 2015

Annual return

5.48%

+4.69 pp from 2015

Benchmarks

See 7,671 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,671 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.63M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

174

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.

80.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$773K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+9.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$71

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 1 by compensation

Provider	Service type	Compensation
VALIC RETIREMENT SERVICES COMPANY2+ years Filed as: VARIBLE ANNUITY LIFE INSURANCE CO. Service code 19 · EIN 74-1625348	Securities Custodian	$4,312

Plan features & details

Pension benefit codes2E2G2J2K3D

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$3K

$33 / participant

Investment mgmt$3K100.0%

% of EOY assets

0.081%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MSB CPA PLLC
Auditor EIN: 810947002
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,593

$87,834-52.6%

$133,975-69.0%

$62,881-33.9%

Participation rate

66.3%

83.4%-17.0pp

87.1%-20.7pp

69.3%-3.0pp

Annual return

5.48%

12.05%-6.6pp

29.29%-23.8pp

20.14%-14.7pp

Employer contribution / active EE

$1,268

$3,482-63.6%

$5,211-75.7%

$2,281-44.4%

Participant deferral / active EE

$2,322

$4,812-51.8%

$6,282-63.0%

$3,203-27.5%

Admin fee / account holder

$33

$5,372-99.4%

$9,324-99.6%

$4,296-99.2%

Provider

Service type

Compensation

VALIC RETIREMENT SERVICES COMPANY2+ years

Filed as: VARIBLE ANNUITY LIFE INSURANCE CO.

Service code 19 · EIN 74-1625348

Securities Custodian

$4,312

FIRST SERVICE BANCSHARES PROFIT SHARING AND 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIRST SERVICE BANCSHARES PROFIT SHARING AND 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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