Retirement plan

RED RIVER BANK 401(K) PROFIT SHARING PLAN

Name: RED RIVER BANCSHARES, INC. - RED RIVER BANK 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: RED RIVER BANCSHARES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RED RIVER BANK 401(K) PROFIT SHARING PLAN, RED RIVER BANCSHARES, INC.

RED RIVER BANCSHARES, INC.EIN 72-1412058Plan #001PY 2020

P. O. BOX 12550 - ALEXANDRIA, LA 713152550318-561-4077LinkedIn201-500 employeesinvestment management

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$24.6M

+21.4% from 2019

Total participants

344

-0.9% from 2019

Average account balance

$88,329

+22.7% from 2019

Annual return

14.60%

-12.65 pp from 2019

Benchmarks

See 1,455 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,455 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$36.90M

Not enough data

1 years with asset history on file

Average account balance

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

$111K

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.

332

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.

79.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.58M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+13.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$81

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

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

Service providers

Top 1 by compensation

Provider	Service type	Compensation
CETERA ADVISOR NETWORKS LLC3 years Filed as: CETERA INVESTMENT ADVISERS Service code 26 · EIN 36-3258176	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2G2J2K2R3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

$96K

$312 / participant

Investment mgmt$96K100.0%

% of EOY assets

0.389%

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, LLC
Auditor EIN: 720398470
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$88,329

$111,608-20.9%

$177,827-50.3%

$73,412+20.3%

Participation rate

78.8%

87.9%-9.0pp

87.7%-8.9pp

72.2%+6.7pp

Annual return

14.60%

18.23%-3.6pp

48.32%-33.7pp

59.30%-44.7pp

Employer contribution / active EE

$2,035

$3,796-46.4%

$5,918-65.6%

$2,234-8.9%

Participant deferral / active EE

$4,374

$6,199-29.4%

$7,713-43.3%

$3,806+14.9%

Admin fee / account holder

$344

$166+107.5%

$12,429-97.2%

$158+117.6%

Provider

Service type

Compensation

CETERA ADVISOR NETWORKS LLC3 years

Filed as: CETERA INVESTMENT ADVISERS

Service code 26 · EIN 36-3258176

Advisory (Participants)

RED RIVER BANK 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RED RIVER BANK 401(K) PROFIT SHARING 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