Retirement plan

COMMERCE BANCSHARES OF ROSWELL, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Name: COMMERCE BANCSHARES OF ROSWELL, INC - COMMERCE BANCSHARES OF ROSWELL, INC. EMPLOYEE STOCK OWNERSHIP PLAN (2023) Form 5500
Creator: COMMERCE BANCSHARES OF ROSWELL, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COMMERCE BANCSHARES OF ROSWELL, INC. EMPLOYEE STOCK OWNERSHIP PLAN, COMMERCE BANCSHARES OF ROSWELL, INC

COMMERCE BANCSHARES OF ROSWELL, INCEIN 74-2374017Plan #001PY 2023

P.O. BOX 2015, 217 WEST SECOND STREET - ROSWELL, NM 882022015575-623-2265

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$19M

+25.1% from 2022

Total participants

+8.7% from 2022

Average account balance

$758,874

+15.1% from 2022

Annual return

26.89%

-8.78 pp from 2022

Benchmarks

See 36,165 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort36,165 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$27.57M

Not enough data

1 years with asset history on file

Average account balance

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

$1.1M

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.

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$423K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$28K

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

+46.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$25247

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2O2Q3D3I

Plan features

2E
Profit-sharing
Profit-sharing plan.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
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.
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.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$637K

$37446 / participant

Other / not subdivided$637K100.0%

% of EOY assets

3.355%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$758,874

$185,883+308.3%

$170,043+346.3%

$139,466+444.1%

Participation rate

100.0%

87.8%+12.2pp

87.0%+13.0pp

80.3%+19.7pp

Annual return

26.89%

60.54%-33.6pp

53.40%-26.5pp

373.66%-346.8pp

Employer contribution / active EE

$21,139

$7,596+178.3%

$6,790+211.3%

$4,754+344.7%

Participant deferral / active EE

$11,626-100.0%

$10,410-100.0%

$6,712-100.0%

Admin fee / account holder

$25,463

$15,393+65.4%

$12,824+98.6%

$11,409+123.2%

COMMERCE BANCSHARES OF ROSWELL, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COMMERCE BANCSHARES OF ROSWELL, INC. EMPLOYEE STOCK OWNERSHIP 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