Retirement plan

WINNSBORO STATE BANK & TRUST COMPANY INC. 401(K) PLAN

Name: WINNSBORO STATE BANK & TRUST COMPANY INC. - WINNSBORO STATE BANK & TRUST COMPANY INC. 401(K) PLAN (2017) Form 5500
Creator: WINNSBORO STATE BANK & TRUST COMPANY INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WINNSBORO STATE BANK & TRUST COMPANY INC. 401(K) PLAN, WINNSBORO STATE BANK & TRUST COMPANY INC.

WINNSBORO STATE BANK & TRUST COMPANY INC.EIN 72-0354340Plan #002PY 2017

3875 FRONT STREET, P.O. BOX 970 - WINNSBORO, LA 71295318-435-7535

Other plans on this EIN

1 filing

#001Retirement-$4.4M assets

Prospect flagsHigh fees

Top hat statement on fileNQDC

Filed June 10, 2019

Plan administrator

Plan administrator name— Sign in and upgrade to view

3875 Front Street

Winnsboro State: LA Zip Code: 71295

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Plans declared (1)

Winnsboro State Bank & Trust Company Phantom Stock Appreciation Plan3 emp

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Total assets (EOY)

$2.9M

+31.0% from 2016

Total participants

0.0% from 2016

Average account balance

$63,471

+31.0% from 2016

Annual return

20.06%

+10.78 pp from 2016

Benchmarks

See 7,574 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,574 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.76M

Not enough data

1 years with asset history on file

Average account balance

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

$99K

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.

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.

109.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$544K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+23.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3789

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

0 years with F_SCH_H allocation on file

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

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 codes2E2F2G2J2T3D

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.
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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$67K

$1569 / participant

Other / not subdivided$67K100.0%

% of EOY assets

2.311%

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

$63,471

$100,060-36.6%

$149,721-57.6%

$70,126-9.5%

Participation rate

97.7%

83.6%+14.1pp

87.1%+10.6pp

69.5%+28.1pp

Annual return

20.06%

27.46%-7.4pp

1501.67%-1481.6pp

73.15%-53.1pp

Employer contribution / active EE

$3,199

$3,661-12.6%

$5,444-41.2%

$2,343+36.5%

Participant deferral / active EE

$3,729

$4,982-25.2%

$6,568-43.2%

$3,332+11.9%

Admin fee / account holder

$1,467

$8,285-82.3%

$11,282-87.0%

$4,645-68.4%

WINNSBORO STATE BANK & TRUST COMPANY INC. 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

WINNSBORO STATE BANK & TRUST COMPANY INC. 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