Retirement plan

THE FIRST NATIONAL BANK AND TRUST CO., CHICKASHA OKLAHOMA SAVINGS INCENTIVE AND EMPLOYEE STOCK OWNERSHIP PLAN

Name: THE FIRST NATIONAL BANK AND TRUST CO., CHICKASHA - THE FIRST NATIONAL BANK AND TRUST CO., CHICKASHA OKLAHOMA SAVINGS INCENTIVE AND EMPLOYEE STOCK OWNERSHIP PLAN (2021) Form 5500
Creator: THE FIRST NATIONAL BANK AND TRUST CO., CHICKASHA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE FIRST NATIONAL BANK AND TRUST CO., CHICKASHA OKLAHOMA SAVINGS INCENTIVE AND EMPLOYEE STOCK OWNERSHIP PLAN, THE FIRST NATIONAL BANK AND TRUST CO., CHICKASHA

THE FIRST NATIONAL BANK AND TRUST CO., CHICKASHAEIN 73-0181535Plan #002PY 2021

302 CHICKASHA AVENUE - CHICKASHA, OK 730182653405-224-2200LinkedIn51-200 employeesbanking

Prospect flagsHigh feesCorrective distributions

Top hat statement on fileNQDC

Filed April 12, 2024 (most recent of 2 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

302 Chickasha Ave.

Chickasha, OK 73018

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Plans declared (1)

Salary Continuation Plan1 emp

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Total assets (EOY)

$38.9M

+35.4% from 2020

Total participants

184

-4.7% from 2020

Average account balance

$218,280

+40.7% from 2020

Annual return

43.52%

+46.07 pp from 2020

Benchmarks

See 2,179 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,179 peers

Snapshot2021

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Analytics

Total assets (EOY)

Plan-year ending balance

$36.93M

Not enough data

1 years with asset history on file

Average account balance

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

$183K

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.

202

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.

98.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.50M

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

+9.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$397

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
ROGERS WEALTH GROUP, INC.7+ years Filed as: ROGERS WEALTH GROUP Service code 15 1330 SUMMIT AVENUE · FORT WORTH, TX 76102	Recordkeeping	$26,836
MATRIX TRUST COMPANY1 year Service code 18	Custodial (securities); Trustee (dire...	$0

Plan features & details

Pension benefit codes2E2F2H2J2K2P2S2T3I

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).
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.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$69K

$424 / participant

Investment mgmt$62K89.8%
Contract admin$4K5.9%
Other / not subdivided$3K4.3%

% of EOY assets

0.178%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: FINELY & COOK, PLLC
Auditor EIN: 730604334
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$218,280

$121,341+79.9%

$189,513+15.2%

$79,386+175.0%

Participation rate

96.3%

86.1%+10.2pp

87.8%+8.5pp

70.7%+25.6pp

Annual return

43.52%

21.08%+22.4pp

555.15%-511.6pp

116.85%-73.3pp

Employer contribution / active EE

$9,675

$3,915+147.1%

$6,162+57.0%

$2,427+298.5%

Participant deferral / active EE

$3,768

$6,395-41.1%

$8,221-54.2%

$4,046-6.9%

Admin fee / account holder

$388

$651-40.4%

$12,045-96.8%

$626-38.0%

Provider

Service type

Compensation

ROGERS WEALTH GROUP, INC.7+ years

Filed as: ROGERS WEALTH GROUP

Service code 15

1330 SUMMIT AVENUE · FORT WORTH, TX 76102

Recordkeeping

$26,836

MATRIX TRUST COMPANY1 year

Service code 18

Custodial (securities); Trustee (dire...

THE FIRST NATIONAL BANK AND TRUST CO., CHICKASHA OKLAHOMA SAVINGS INCENTIVE AND EMPLOYEE STOCK OWNERSHIP 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

THE FIRST NATIONAL BANK AND TRUST CO., CHICKASHA OKLAHOMA SAVINGS INCENTIVE AND EMPLOYEE STOCK OWNERSHIP 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