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 (2018) 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 2018

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$12.3M

+7.2% from 2017

Total participants

338

+17.0% from 2017

Average account balance

$45,264

-10.1% from 2017

Annual return

-4.29%

-24.74 pp from 2017

Benchmarks

See 1,457 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,457 peers

Snapshot2018

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
RETIREMENT, LLC2 years Filed as: RETIREMENT LLC SERIES TWO Service code 13 13838 QUAIL POINTE DR. STE B · OKLAHOMA CITY, OK 73134	Contract Administrator	$15,034
GREAT-WEST LIFE & ANNUITY INSURANCE4+ years Filed as: GREAT WEST LIFE & ANNUITY COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$3,820
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$3,455
RETIREMENT, LLC2 years Filed as: RETIREMENT LLC- SERIES TWO Service code 13	Contract Administrator	$3,333
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Filed as: JOHN HANCOCK LIFE INS. CO. Service code 15 · EIN 01-0233346	Recordkeeping	$200

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$35K

$120 / participant

Other / not subdivided$35K100.0%

% of EOY assets

0.281%

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

$45,264

$80,005-43.4%

$140,019-67.7%

$55,725-18.8%

Participation rate

77.1%

87.0%-9.9pp

87.5%-10.4pp

70.9%+6.2pp

Annual return

-4.29%

0.46%-4.7pp

651.17%-655.5pp

244.93%-249.2pp

Employer contribution / active EE

$1,823

$3,403-46.4%

$5,605-67.5%

$2,078-12.3%

Participant deferral / active EE

$4,184

$5,264-20.5%

$6,927-39.6%

$3,356+24.7%

Admin fee / account holder

$127

$116+9.8%

$10,705-98.8%

$115+10.2%

Provider

Service type

Compensation

RETIREMENT, LLC2 years

Filed as: RETIREMENT LLC SERIES TWO

Service code 13

13838 QUAIL POINTE DR. STE B · OKLAHOMA CITY, OK 73134

Contract Administrator

$15,034

GREAT-WEST LIFE & ANNUITY INSURANCE4+ years

Filed as: GREAT WEST LIFE & ANNUITY COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$3,820

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$3,455

RETIREMENT, LLC2 years

Filed as: RETIREMENT LLC- SERIES TWO

Service code 13

Contract Administrator

$3,333

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Filed as: JOHN HANCOCK LIFE INS. CO.

Service code 15 · EIN 01-0233346

Recordkeeping

$200

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