Retirement plan

FIRST SECURITY BANCORP 401(K) PLAN

Name: FIRST SECURITY BANCORP - FIRST SECURITY BANCORP 401(K) PLAN (2016) Form 5500
Creator: FIRST SECURITY BANCORP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRST SECURITY BANCORP 401(K) PLAN, FIRST SECURITY BANCORP

FIRST SECURITY BANCORPEIN 71-0550492Plan #001PY 2016

P.O. BOX 1009 - SEARCY, AR 72143501-279-3420LinkedIn1-10 employeesfinancial services

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$38.4M

+12.4% from 2015

Total participants

955

+2.0% from 2015

Average account balance

$56,223

+6.8% from 2015

Annual return

8.08%

+7.05 pp from 2015

Benchmarks

See 1,433 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,433 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$84.04M

Not enough data

1 years with asset history on file

Average account balance

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

$119K

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.

709

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.

64.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.60M

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

+13.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12

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 10 of 24 by compensation

Provider	Service type	Compensation
INTRUST BANK, N.A.2+ years Service code 21 · EIN 48-0477525	Bank Trustee	$107,682
AMERICAN REALTY ADVISORS2+ years Filed as: AMERICAN INDEPENDENCE US INFL INDX Service code 28	Investment Management	$0
AMERICAN FUNDS2+ years Filed as: EAGLE SMALL CAP GROWTH FUND Service code 28	Investment Management	$0
FEDERATED1 year Filed as: FEDERATED CAPITAL PRESERVATION FUND Service code 28	Investment Management	$0
FEDERATED1 year Filed as: FEDERATED INTERNATIONAL LEADERS FUN Service code 28	Investment Management	$0
GOLDMAN SACHS2+ years Filed as: GOLDMAN SACHS STRATEGIC INCOME FUND Service code 28	Investment Management	$0
HARBOR1 year Filed as: HARBOR FUND INTERNATIONAL Service code 28	Investment Management	$0
INVESCO2+ years Filed as: INVESCO DEVELOPING MARKETS FUND Service code 28	Investment Management	$0
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Filed as: JOHN HANCOCK DISPLN VAL MID CAP Service code 28	Investment Management	$0
MORGAN STANLEY SMITH BARNEY1 year Filed as: JP MORGAN CORE PLUS BOND FUND Service code 28	Investment Management	$0

Plan features & details

Pension benefit codes2F2H2J2K3D3H

Plan features

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$108K

$128 / participant

Other / not subdivided$108K100.0%

% of EOY assets

0.280%

all-in expense ratio

Categories reported

0 / 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: FROST, PLLC
Auditor EIN: 710817652
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$56,223

$71,802-21.7%

$133,975-58.0%

$57,658-2.5%

Participation rate

67.6%

85.5%-17.9pp

87.1%-19.5pp

70.2%-2.6pp

Annual return

8.08%

13.51%-5.4pp

29.29%-21.2pp

5.13%+2.9pp

Employer contribution / active EE

$1,258

$3,161-60.2%

$5,211-75.9%

$1,974-36.3%

Participant deferral / active EE

$2,384

$4,606-48.2%

$6,282-62.1%

$3,061-22.1%

Admin fee / account holder

$158

$88+79.8%

$9,324-98.3%

$95+66.8%

Provider

Service type

Compensation

INTRUST BANK, N.A.2+ years

Service code 21 · EIN 48-0477525

Bank Trustee

$107,682

AMERICAN REALTY ADVISORS2+ years

Filed as: AMERICAN INDEPENDENCE US INFL INDX

Service code 28

Investment Management

AMERICAN FUNDS2+ years

Filed as: EAGLE SMALL CAP GROWTH FUND

Service code 28

Investment Management

FEDERATED1 year

Filed as: FEDERATED CAPITAL PRESERVATION FUND

Service code 28

Investment Management

FEDERATED1 year

Filed as: FEDERATED INTERNATIONAL LEADERS FUN

Service code 28

Investment Management

GOLDMAN SACHS2+ years

Filed as: GOLDMAN SACHS STRATEGIC INCOME FUND

Service code 28

Investment Management

HARBOR1 year

Filed as: HARBOR FUND INTERNATIONAL

Service code 28

Investment Management

INVESCO2+ years

Filed as: INVESCO DEVELOPING MARKETS FUND

Service code 28

Investment Management

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Filed as: JOHN HANCOCK DISPLN VAL MID CAP

Service code 28

Investment Management

MORGAN STANLEY SMITH BARNEY1 year

Filed as: JP MORGAN CORE PLUS BOND FUND

Service code 28

Investment Management

FIRST SECURITY BANCORP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIRST SECURITY BANCORP 401(K) 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