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 (2019) 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 2019

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

Other plans on this EIN

1 filing

#001Retirement-$4.5M 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)

$3.5M

+28.3% from 2018

Total participants

+17.0% from 2018

Average account balance

$66,520

+11.3% from 2018

Annual return

37.13%

+42.99 pp from 2018

Benchmarks

See 7,338 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,338 peers

Snapshot2019

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

$566K

$11315 / participant

Other / not subdivided$566K100.0%

% of EOY assets

16.047%

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

$66,520

$109,359-39.2%

$162,185-59.0%

$72,976-8.8%

Participation rate

96.0%

84.3%+11.7pp

87.6%+8.4pp

69.5%+26.5pp

Annual return

37.13%

25.46%+11.7pp

115.61%-78.5pp

81.02%-43.9pp

Employer contribution / active EE

$2,795

$3,907-28.5%

$5,613-50.2%

$2,440+14.6%

Participant deferral / active EE

$3,303

$5,481-39.7%

$7,297-54.7%

$3,608-8.5%

Admin fee / account holder

$10,674

$7,972+33.9%

$10,844-1.6%

$5,124+108.3%

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