Retirement plan

AMERICAN BANK OF COMMERCE 401(K) PROFIT SHARING PL

Name: AMERICAN BANK OF COMMERCE - AMERICAN BANK OF COMMERCE 401(K) PROFIT SHARING PL (2017) Form 5500
Creator: AMERICAN BANK OF COMMERCE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMERICAN BANK OF COMMERCE 401(K) PROFIT SHARING PL, AMERICAN BANK OF COMMERCE

AMERICAN BANK OF COMMERCEEIN 75-1095067Plan #001PY 2017

P.O. DRAWER 9 - WOLFFORTH, TX 79382806-775-5163

Prospect flagsHigh fees

Top hat statement on fileNQDC

Filed November 16, 2005 (most recent of 8 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$12M

+18.2% from 2016

Total participants

182

-1.1% from 2016

Average account balance

$67,303

+19.6% from 2016

Annual return

14.88%

+8.94 pp from 2016

Benchmarks

See 2,201 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,201 peers

Snapshot2017

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Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$741K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-87.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

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Service providers

Top 10 of 14 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$65,122
PENSIONMARK FINANCIAL GROUP LLC1 year Service code 27 · EIN 61-1758632	Advisory (Plan)	$26,883
WITHUMSMITH+BROWN, PC1 year Filed as: BROWN, GRAHAM, & COMPANY P.C. Service code 10 · EIN 75-1386677	Accounting	$13,500
AMERICAN FUNDS1 year Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
COLUMBIA1 year Service code 52 · EIN 41-1533211	Indirect Investment Fees	$0
FRANKLIN TEMPLETON1 year Filed as: FRANKLINTEMPLETON Service code 52 · EIN 94-3025604	Indirect Investment Fees	$0
INVESCO1 year Service code 52 · EIN 95-2513084	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY1 year Filed as: JP MORGAN Service code 52 · EIN 33-1043149	Indirect Investment Fees	$0
OPPENHEIMER1 year Service code 52 · EIN 93-6305075	Indirect Investment Fees	$0
PIMCO FUNDS1 year Service code 52 · EIN 95-2632339	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3D3H2S2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$79K

$494 / participant

Investment mgmt$61K77.9%
Contract admin$4K4.9%
Other / not subdivided$14K17.2%

% of EOY assets

0.653%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BROWN, GRAHAM, & COMPANY P.C.
Auditor EIN: 751386677
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$67,303

$89,739-25.0%

$149,718-55.0%

$62,292+8.0%

Participation rate

98.1%

85.1%+13.0pp

87.1%+11.0pp

69.5%+28.6pp

Annual return

14.88%

21.01%-6.1pp

1501.63%-1486.8pp

28.90%-14.0pp

Employer contribution / active EE

$1,449

$3,233-55.2%

$5,445-73.4%

$2,042-29.0%

Participant deferral / active EE

$3,821

$4,797-20.4%

$6,569-41.8%

$3,169+20.6%

Admin fee / account holder

$439

$551-20.3%

$11,283-96.1%

$479-8.4%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$65,122

PENSIONMARK FINANCIAL GROUP LLC1 year

Service code 27 · EIN 61-1758632

Advisory (Plan)

$26,883

WITHUMSMITH+BROWN, PC1 year

Filed as: BROWN, GRAHAM, & COMPANY P.C.

Service code 10 · EIN 75-1386677

Accounting

$13,500

AMERICAN FUNDS1 year

Service code 52 · EIN 95-1411037

Indirect Investment Fees

COLUMBIA1 year

Service code 52 · EIN 41-1533211

Indirect Investment Fees

FRANKLIN TEMPLETON1 year

Filed as: FRANKLINTEMPLETON

Service code 52 · EIN 94-3025604

Indirect Investment Fees

INVESCO1 year

Service code 52 · EIN 95-2513084

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY1 year

Filed as: JP MORGAN

Service code 52 · EIN 33-1043149

Indirect Investment Fees

OPPENHEIMER1 year

Service code 52 · EIN 93-6305075

Indirect Investment Fees

PIMCO FUNDS1 year

Service code 52 · EIN 95-2632339

Indirect Investment Fees

AMERICAN BANK OF COMMERCE 401(K) PROFIT SHARING PL

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMERICAN BANK OF COMMERCE 401(K) PROFIT SHARING PL

Top hat statement on fileNQDC

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