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 (2021) 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 2021

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

Other plans on this EIN

1 filing

#001Retirement--

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)

$4.9M

+27.0% from 2020

Total participants

-1.8% from 2020

Average account balance

$90,174

+29.4% from 2020

Annual return

17.26%

-0.70 pp from 2020

Benchmarks

See 7,182 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,182 peers

Snapshot2021

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

$81K

$1617 / participant

Other / not subdivided$81K100.0%

% of EOY assets

1.660%

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

$90,174

$137,414-34.4%

$189,545-52.4%

$85,851+5.0%

Participation rate

98.0%

84.6%+13.4pp

87.8%+10.2pp

69.3%+28.7pp

Annual return

17.26%

38.14%-20.9pp

555.36%-538.1pp

318.63%-301.4pp

Employer contribution / active EE

$4,377

$4,344+0.7%

$6,162-29.0%

$2,565+70.6%

Participant deferral / active EE

$4,206

$6,260-32.8%

$8,220-48.8%

$3,952+6.4%

Admin fee / account holder

$1,497

$8,630-82.7%

$12,049-87.6%

$6,261-76.1%

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