Retirement plan

CITIZENS NATIONAL BANCSHARES OF BOSSIER, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Name: CITIZENS NATIONAL BANCSHARES OF BOSSIER, INC. - CITIZENS NATIONAL BANCSHARES OF BOSSIER, INC. EMPLOYEE STOCK OWNERSHIP PLAN (2020) Form 5500
Creator: CITIZENS NATIONAL BANCSHARES OF BOSSIER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CITIZENS NATIONAL BANCSHARES OF BOSSIER, INC. EMPLOYEE STOCK OWNERSHIP PLAN, CITIZENS NATIONAL BANCSHARES OF BOSSIER, INC.

CITIZENS NATIONAL BANCSHARES OF BOSSIER, INC.EIN 72-1296111Plan #001PY 2020

2711 E. TEXAS STREET - BOSSIER CITY, LA 711113745318-747-6000bonvenubank.comLinkedIn201-500 employeesbanking

Prospect flagsLow returnsLow employer contribution

How to read this page

Total assets (EOY)

$22.2M

-3.1% from 2019

Total participants

249

+4.6% from 2019

Average account balance

$94,325

-8.5% from 2019

Annual return

-2.23%

-11.76 pp from 2019

Benchmarks

See 2,211 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,211 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.30M

Not enough data

1 years with asset history on file

Average account balance

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

$100K

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.

223

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.

85.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.56M

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

+3.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$461

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
THE BVA GROUP1 year Filed as: BVA GROUP Service code 34 · EIN 06-1762342 7250 DALLAS PARKWAY, SUITE 200 · PLANO, TX 75024	Valuation (appraisals, etc.)	$18,200
ASCENSUS LLC2 years Filed as: FUTUREPLAN Service code 13 · EIN 75-1793879 P.O. BOX 219808 · KANSAS CITY, MO 64105	Contract Administrator	$6,265

Plan features & details

Pension benefit codes2H2O2J2K2F2T

Plan features

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).
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
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.

Opportunity flags

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$24K

$127 / participant

Investment mgmt$24K100.0%

% of EOY assets

0.110%

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: HEARD, MCELROY & VESTAL CPAS
Auditor EIN: 720398470
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$94,325

$136,307-30.8%

$177,840-47.0%

$73,493+28.3%

Participation rate

92.7%

86.1%+6.6pp

87.7%+5.0pp

70.7%+22.1pp

Annual return

-2.23%

18.68%-20.9pp

48.32%-50.6pp

28.51%-30.7pp

Employer contribution / active EE

$758

$3,712-79.6%

$5,919-87.2%

$2,270-66.6%

Participant deferral / active EE

$5,241

$5,829-10.1%

$7,714-32.1%

$3,740+40.2%

Admin fee / account holder

$104

$596-82.5%

$12,431-99.2%

$513-79.7%

Provider

Service type

Compensation

THE BVA GROUP1 year

Filed as: BVA GROUP

Service code 34 · EIN 06-1762342

7250 DALLAS PARKWAY, SUITE 200 · PLANO, TX 75024

Valuation (appraisals, etc.)

$18,200

ASCENSUS LLC2 years

Filed as: FUTUREPLAN

Service code 13 · EIN 75-1793879

P.O. BOX 219808 · KANSAS CITY, MO 64105

Contract Administrator

$6,265

CITIZENS NATIONAL BANCSHARES OF BOSSIER, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CITIZENS NATIONAL BANCSHARES OF BOSSIER, INC. EMPLOYEE STOCK OWNERSHIP 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