Retirement plan

FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN

Name: FIRST BANK CORP - FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN (2018) Form 5500
Creator: FIRST BANK CORP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN, FIRST BANK CORP

FIRST BANK CORPEIN 71-0682703Plan #001PY 2018

602 GARRISON AVENUE - FORT SMITH, AR 729012542479-782-2041

Other plans on this EIN

1 filing

#002Retirement-$30.5M assets

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$49M

-8.5% from 2017

Total participants

456

+2.2% from 2017

Average account balance

$107,480

-10.5% from 2017

Annual return

-1.46%

-15.41 pp from 2017

Benchmarks

See 1,457 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,457 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$74.76M

Not enough data

1 years with asset history on file

Average account balance

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

$126K

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.

591

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.24M

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

+11.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$273

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 3 by compensation

Provider	Service type	Compensation
PRONVEST3 years Filed as: PRONVEST, INC. Service code 26 · EIN 62-1823351	Advisory (Participants)	$27,312
HOGANTAYLOR LLP2 years Service code 10 · EIN 73-1413977	Accounting	$27,000
FRIDAY ELDREDGE & CLARK4+ years Service code 29 · EIN 71-0253637	Legal	$10,418

Plan features & details

Pension benefit codes2E2H2J3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

1 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$65K

$183 / participant

Investment mgmt$27K42.2%
Other / not subdivided$37K57.8%

% of EOY assets

0.132%

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: HOGANTAYLOR LLP
Auditor EIN: 731413977
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$107,480

$80,005+34.3%

$140,019-23.2%

$55,725+92.9%

Participation rate

100.0%

87.0%+13.0pp

87.5%+12.5pp

70.9%+29.1pp

Annual return

-1.46%

0.46%-1.9pp

651.17%-652.6pp

244.93%-246.4pp

Employer contribution / active EE

$4,833

$3,403+42.0%

$5,605-13.8%

$2,078+132.6%

Participant deferral / active EE

$2,269

$5,264-56.9%

$6,927-67.2%

$3,356-32.4%

Admin fee / account holder

$142

$116+22.7%

$10,705-98.7%

$115+23.2%

Provider

Service type

Compensation

PRONVEST3 years

Filed as: PRONVEST, INC.

Service code 26 · EIN 62-1823351

Advisory (Participants)

$27,312

HOGANTAYLOR LLP2 years

Service code 10 · EIN 73-1413977

Accounting

$27,000

FRIDAY ELDREDGE & CLARK4+ years

Service code 29 · EIN 71-0253637

Legal

$10,418

FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIRST BANK CORP EMPLOYEES 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