Retirement plan

THE PEOPLES BANK EMPLOYEE STOCK OWNERSHIP PLAN

Name: GOLDEN OAKS BANCSHARES, INC. - THE PEOPLES BANK EMPLOYEE STOCK OWNERSHIP PLAN (2023) Form 5500
Creator: GOLDEN OAKS BANCSHARES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE PEOPLES BANK EMPLOYEE STOCK OWNERSHIP PLAN, GOLDEN OAKS BANCSHARES, INC.

GOLDEN OAKS BANCSHARES, INC.EIN 71-0583260Plan #001PY 2023

500 N JACKSON ST - MAGNOLIA, AR 71753870-314-2947

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$2.4M

No prior year

Total participants

No prior year

Average account balance

No prior year

Annual return

0.00%

No prior year

Benchmarks

See 7,176 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,176 peers

Snapshot2023

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

Analytics

Less than 3 years of history available for this plan

We'll show a chart here once at least 3 consecutive filings are on record.

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 codes2E2K2P2Q3I

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

2 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$85K

$1250 / participant

Other / not subdivided$85K100.0%

% of EOY assets

3.613%

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

$125,797-100.0%

$170,028-100.0%

$75,181-100.0%

Participation rate

0.0%

83.6%-83.6pp

87.0%-87.0pp

67.2%-67.2pp

Annual return

0.00%

27.20%-27.2pp

53.39%-53.4pp

160.69%-160.7pp

Employer contribution / active EE

$1,128

$4,616-75.6%

$6,788-83.4%

$2,671-57.8%

Participant deferral / active EE

$6,838-100.0%

$10,409-100.0%

$4,126-100.0%

Admin fee / account holder

$8,177-100.0%

$12,820-100.0%

$5,650-100.0%

THE PEOPLES BANK EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE PEOPLES BANK EMPLOYEE STOCK OWNERSHIP 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