Retirement plan

FIRST FEDERAL BANK SSB, FORMERLY KNOWN AS FIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF LITTLEFIELD PROFIT SHARING PLAN

Name: FIRST FEDERAL BANK SSB - FIRST FEDERAL BANK SSB, FORMERLY KNOWN AS FIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF LITTLEFIELD PROFIT SHARING PLAN (2018) Form 5500
Creator: FIRST FEDERAL BANK SSB
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRST FEDERAL BANK SSB, FORMERLY KNOWN AS FIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF LITTLEFIELD PROFIT SHARING PLAN, FIRST FEDERAL BANK SSB

FIRST FEDERAL BANK SSBEIN 75-0835472Plan #001PY 2018

P O BOX 1390 - LITTLEFIELD, TX 79339806-385-7511LinkedIn11-50 employeesbanking

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$1.4M

+11.5% from 2017

Total participants

-27.8% from 2017

Average account balance

-100.0% from 2017

Annual return

1.73%

+0.28 pp from 2017

Benchmarks

See 31,466 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort31,466 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$857K

Not enough data

1 years with asset history on file

Average account balance

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

$61K

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.

93.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$135K

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

+17.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1620

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 codes2E2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

$9K

$717 / participant

Other / not subdivided$9K100.0%

% of EOY assets

0.669%

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

$160,059-100.0%

$140,019-100.0%

$135,382-100.0%

Participation rate

0.0%

88.5%-88.5pp

87.5%-87.5pp

82.6%-82.6pp

Annual return

1.73%

911.44%-909.7pp

651.15%-649.4pp

519.77%-518.0pp

Employer contribution / active EE

$6,000

$6,420-6.5%

$5,605+7.0%

$4,779+25.6%

Participant deferral / active EE

$4,139

$7,641-45.8%

$6,927-40.2%

$5,609-26.2%

Admin fee / account holder

$13,328-100.0%

$10,705-100.0%

$10,829-100.0%

FIRST FEDERAL BANK SSB, FORMERLY KNOWN AS FIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF LITTLEFIELD PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIRST FEDERAL BANK SSB, FORMERLY KNOWN AS FIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF LITTLEFIELD 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