Retirement plan

FIRSTAR FINANCIAL CORPATION

Name: FIRSTAR FINANCIAL CORPORATION - FIRSTAR FINANCIAL CORPATION (2016) Form 5500
Creator: FIRSTAR FINANCIAL CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRSTAR FINANCIAL CORPATION, FIRSTAR FINANCIAL CORPORATION

FIRSTAR FINANCIAL CORPORATIONEIN 73-1599721Plan #001PY 2016

501 N. MAIN ST. - MUSKOGEE, OK 74401918-681-1650LinkedIn51-200 employeesbanking

Prospect flagsHigh cash

How to read this page

Total assets (EOY)

$7.3M

+18.0% from 2015

Total participants

146

+3.5% from 2015

Average account balance

$56,105

+8.9% from 2015

Annual return

7.14%

+6.25 pp from 2015

Benchmarks

See 2,214 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,214 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.17M

Not enough data

1 years with asset history on file

Average account balance

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

$103K

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.

167

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.

73.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.54M

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

+16.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$78

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 4 by compensation

Provider	Service type	Compensation
MORNINGSTAR2+ years Service code 27 · EIN 36-3297908	Advisory (Plan)	$1,639
ERISA PARTNERS, INC.1 year Filed as: ERISA PARTNERS INC Service code 49 · EIN 64-0815705	Other Services	$0
PHILLIPS FINANCIAL MANAGEMENT LLC2+ years Filed as: PHILLIPS SECURITIES INS AGENCY Service code 55 · EIN 06-1375177 3401 NW 63RD ST · OKLAHOMA CITY, OK 73116	Other Commissions	$0
VOYA RETIREMENT INSURANCE & ANNUITY2+ years Filed as: VOYA RETIREMENT INS & ANNUITY Service code 26 · EIN 71-0294708	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2G2J2K2T3D

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.
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.
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 cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$6K

$47 / participant

Contract admin$6K100.0%

% of EOY assets

0.085%

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: BEALL BARCLAY & COMPANY, PLC
Auditor EIN: 710355269
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$56,105

$74,089-24.3%

$133,975-58.1%

$55,167+1.7%

Participation rate

88.6%

84.3%+4.4pp

87.1%+1.6pp

69.0%+19.6pp

Annual return

7.14%

12.11%-5.0pp

29.29%-22.2pp

169.23%-162.1pp

Employer contribution / active EE

$2,763

$3,064-9.8%

$5,211-47.0%

$1,963+40.8%

Participant deferral / active EE

$4,248

$4,678-9.2%

$6,282-32.4%

$3,054+39.1%

Admin fee / account holder

$47

$458-89.6%

$9,324-99.5%

$504-90.6%

Provider

Service type

Compensation

MORNINGSTAR2+ years

Service code 27 · EIN 36-3297908

Advisory (Plan)

$1,639

ERISA PARTNERS, INC.1 year

Filed as: ERISA PARTNERS INC

Service code 49 · EIN 64-0815705

Other Services

PHILLIPS FINANCIAL MANAGEMENT LLC2+ years

Filed as: PHILLIPS SECURITIES INS AGENCY

Service code 55 · EIN 06-1375177

3401 NW 63RD ST · OKLAHOMA CITY, OK 73116

Other Commissions

VOYA RETIREMENT INSURANCE & ANNUITY2+ years

Filed as: VOYA RETIREMENT INS & ANNUITY

Service code 26 · EIN 71-0294708

Advisory (Participants)

FIRSTAR FINANCIAL CORPATION

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIRSTAR FINANCIAL CORPATION

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