Retirement plan

GREAT PLAINS BANCSHARES, INC. 401(K) PROFIT SHARING PLAN

Name: GREAT PLAINS BANCSHARES, INC. - GREAT PLAINS BANCSHARES, INC. 401(K) PROFIT SHARING PLAN (2015) Form 5500
Creator: GREAT PLAINS BANCSHARES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GREAT PLAINS BANCSHARES, INC. 401(K) PROFIT SHARING PLAN, GREAT PLAINS BANCSHARES, INC.

GREAT PLAINS BANCSHARES, INC.EIN 73-1113522Plan #002PY 2015

P.O. BOX 473 - HOLLIS, OK 73550580-688-3323greatplainsbank.comLinkedIn201-500 employeesbanking

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$8.9M

No prior year

Total participants

299

No prior year

Average account balance

$37,275

No prior year

Annual return

-1.23%

No prior year

Benchmarks

See 1,335 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,335 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$27.13M

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

376

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.

71.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.06M

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

+15.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$234

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 5 by compensation

Provider	Service type	Compensation
SUMMIT FINANCIAL CORPORATION1+ years Filed as: THE SUMMIT GROUP Service code 13 1900 NW EXPRESSWAY, SUITE 840 · OKLAHOMA CITY, OK 73118	Contract Administrator	$30,422
H BECK INC1+ years Filed as: H BECK INC. Service code 55 11140 ROCKVILLE PIKE 4TH FL · ROCKVILLE, MD 20852	Other Commissions	$15,636
FINLEY & COOK1+ years Filed as: FINLEY & COOK PLLC Service code 10 PO BOX 1447 · SHAWNEE, OK 74802	Accounting	$9,500
GREAT-WEST LIFE & ANNUITY INSURANCE1+ years Filed as: GREAT WEST LIFE & ANNUITY COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$6,563
GREAT-WEST LIFE & ANNUITY INSURANCE1+ years Filed as: ADVISED ASSET GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$1,517

Plan features & details

Pension benefit codes3D2E2G2J2K

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.
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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$18K

$70 / participant

Other / not subdivided$18K100.0%

% of EOY assets

0.198%

all-in expense ratio

Categories reported

0 / 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: FINLEY & COOK PLLC
Auditor EIN: 730604334
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,275

$68,413-45.5%

$123,105-69.7%

$55,191-32.5%

Participation rate

76.1%

84.5%-8.4pp

86.8%-10.7pp

69.2%+6.9pp

Annual return

-1.23%

6.30%-7.5pp

13.22%-14.4pp

10.78%-12.0pp

Employer contribution / active EE

$1,970

$3,050-35.4%

$5,151-61.8%

$1,899+3.7%

Participant deferral / active EE

$4,711

$4,490+4.9%

$6,229-24.4%

$3,046+54.6%

Admin fee / account holder

$74

$88-16.0%

$9,014-99.2%

$91-18.8%

Provider

Service type

Compensation

SUMMIT FINANCIAL CORPORATION1+ years

Filed as: THE SUMMIT GROUP

Service code 13

1900 NW EXPRESSWAY, SUITE 840 · OKLAHOMA CITY, OK 73118

Contract Administrator

$30,422

H BECK INC1+ years

Filed as: H BECK INC.

Service code 55

11140 ROCKVILLE PIKE 4TH FL · ROCKVILLE, MD 20852

Other Commissions

$15,636

FINLEY & COOK1+ years

Filed as: FINLEY & COOK PLLC

Service code 10

PO BOX 1447 · SHAWNEE, OK 74802

Accounting

$9,500

GREAT-WEST LIFE & ANNUITY INSURANCE1+ years

Filed as: GREAT WEST LIFE & ANNUITY COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$6,563

GREAT-WEST LIFE & ANNUITY INSURANCE1+ years

Filed as: ADVISED ASSET GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$1,517

GREAT PLAINS BANCSHARES, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GREAT PLAINS BANCSHARES, INC. 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