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 (2020) 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 2020

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

Other plans on this EIN

1 filing

#001Retirement-$4.7M 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

Email— Sign in and upgrade to view Phone— Sign in and upgrade to view

Plans declared (1)

Winnsboro State Bank & Trust Company Phantom Stock Appreciation Plan3 emp

Open the filing PDF

How to read this page

Total assets (EOY)

$3.8M

+8.7% from 2019

Total participants

+1.8% from 2019

Average account balance

$69,702

+4.8% from 2019

Annual return

17.96%

-19.17 pp from 2019

Benchmarks

See 7,209 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,209 peers

Snapshot2020

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

$720K

$13338 / participant

Other / not subdivided$720K100.0%

% of EOY assets

18.788%

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

$69,702

$123,793-43.7%

$177,848-60.8%

$79,856-12.7%

Participation rate

98.1%

84.7%+13.5pp

87.7%+10.4pp

69.6%+28.5pp

Annual return

17.96%

22.82%-4.9pp

48.33%-30.4pp

31.71%-13.8pp

Employer contribution / active EE

$3,053

$4,095-25.4%

$5,919-48.4%

$2,471+23.6%

Participant deferral / active EE

$3,880

$5,956-34.9%

$7,714-49.7%

$3,741+3.7%

Admin fee / account holder

$13,095

$7,243+80.8%

$12,431+5.3%

$5,306+146.8%

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