Retirement plan

COMMUNITY NATIONAL BANK 401K PLAN

Name: COMMUNITY NATIONAL BANK - COMMUNITY NATIONAL BANK 401K PLAN (2016) Form 5500
Creator: COMMUNITY NATIONAL BANK
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COMMUNITY NATIONAL BANK 401K PLAN, COMMUNITY NATIONAL BANK

COMMUNITY NATIONAL BANKEIN 75-1829272Plan #002PY 2016

PO BOX 3903 - MIDLAND, TX 79701432-685-8400cnbtx.bankLinkedIn201-500 employeesbanking

Prospect flagsLow returns

Top hat statement on fileNQDC

Filed March 14, 1994

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)

$7.9M

+5.8% from 2015

Total participants

229

-0.9% from 2015

Average account balance

$42,779

+8.1% from 2015

Annual return

2.13%

+14.75 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

$32.02M

Not enough data

1 years with asset history on file

Average account balance

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

$99K

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.

325

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.

95.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.99M

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

+15.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$415

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
RAYMOND JAMES FINANCIAL SERVICES1 year Filed as: RAYMOND JAMES FINANCIAL SVCS Service code 55	Other Commissions	$15,143
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$14,459
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Service code 64 · EIN 84-0467907	Recordkeeping Fees	$6,032
PENTEC PENSION MANAGEMENT GROUP INC2+ years Filed as: PENTEC PENSION MGMT Service code 13 · EIN 75-2776689	Contract Administrator	$5,488
PENTEC PENSION MANAGEMENT GROUP INC2+ years Filed as: PENTEC PENSION MGMT GROUP Service code 13	Contract Administrator	$4,580
RAYMOND JAMES FINANCIAL SERVICES1 year Service code 55 880 CARILON PARKWAY · ST PETERBERG, FL 33716	Other Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$26K

$148 / participant

Investment mgmt$14K55.7%
Contract admin$5K21.1%
Other / not subdivided$6K23.2%

% of EOY assets

0.330%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DAVIS KINARD & CO, PC
Auditor EIN: 751332266
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$42,779

$74,089-42.3%

$133,975-68.1%

$55,167-22.5%

Participation rate

74.3%

84.3%-10.0pp

87.1%-12.8pp

69.0%+5.3pp

Annual return

2.13%

12.11%-10.0pp

29.29%-27.2pp

169.23%-167.1pp

Employer contribution / active EE

$2,065

$3,064-32.6%

$5,211-60.4%

$1,963+5.2%

Participant deferral / active EE

$3,055

$4,678-34.7%

$6,282-51.4%

$3,0540%

Admin fee / account holder

$141

$458-69.2%

$9,324-98.5%

$504-72.0%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES1 year

Filed as: RAYMOND JAMES FINANCIAL SVCS

Service code 55

Other Commissions

$15,143

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$14,459

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Service code 64 · EIN 84-0467907

Recordkeeping Fees

$6,032

PENTEC PENSION MANAGEMENT GROUP INC2+ years

Filed as: PENTEC PENSION MGMT

Service code 13 · EIN 75-2776689

Contract Administrator

$5,488

PENTEC PENSION MANAGEMENT GROUP INC2+ years

Filed as: PENTEC PENSION MGMT GROUP

Service code 13

Contract Administrator

$4,580

RAYMOND JAMES FINANCIAL SERVICES1 year

Service code 55

880 CARILON PARKWAY · ST PETERBERG, FL 33716

Other Commissions

COMMUNITY NATIONAL BANK 401K PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COMMUNITY NATIONAL BANK 401K PLAN

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