Retirement plan

OLNEY BANCSHARES OF TEXAS, INC. EMPLOYEES 401(K) RETIREMENT PLAN AND TRUST

Name: OLNEY BANCSHARES OF TEXAS, INC. - OLNEY BANCSHARES OF TEXAS, INC. EMPLOYEES 401(K) RETIREMENT PLAN AND TRUST (2017) Form 5500
Creator: OLNEY BANCSHARES OF TEXAS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OLNEY BANCSHARES OF TEXAS, INC. EMPLOYEES 401(K) RETIREMENT PLAN AND TRUST, OLNEY BANCSHARES OF TEXAS, INC.

OLNEY BANCSHARES OF TEXAS, INC.EIN 75-2534536Plan #001PY 2017

307 W MAIN STREET - OLNEY, TX 76374405-375-6918LinkedIn1-10 employeeslegal services

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$26.2M

+27.1% from 2016

Total participants

573

+3.4% from 2016

Average account balance

$49,521

+24.3% from 2016

Annual return

17.69%

+11.28 pp from 2016

Benchmarks

See 1,453 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,453 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$49.03M

Not enough data

1 years with asset history on file

Average account balance

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

$92K

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.

534

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.

85.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.71M

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

+11.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$281

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 5 by compensation

Provider	Service type	Compensation
UBS FINANCIAL SERVICES INC2 years Service code 27 315 DEADERICK ST 5TH FL · NASHVILLE, TN 37238	Advisory (Plan)	$46,789
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$31,094
BKD, LLP1 year Filed as: BKD LLP Service code 10 910 E ST LOUIS STREET SUITE 200 · SPRINGFIELD, MO 658011190	Accounting	$18,200
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$427
MCAFEE & TAFT2 years Service code 29 211 N ROBINSON 10TH FL · OKLAHOMA CITY, OK 73102	Legal	$300

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$97K

$185 / participant

Investment mgmt$47K48.8%
Contract admin$31K32.1%
Other / not subdivided$19K19.1%

% of EOY assets

0.369%

all-in expense ratio

Categories reported

2 / 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: BKD LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$49,521

$81,537-39.3%

$149,716-66.9%

$69,631-28.9%

Participation rate

91.8%

86.1%+5.6pp

87.1%+4.7pp

70.7%+21.1pp

Annual return

17.69%

22.79%-5.1pp

1501.67%-1484.0pp

27571.02%-27553.3pp

Employer contribution / active EE

$1,978

$3,239-38.9%

$5,444-63.7%

$2,032-2.7%

Participant deferral / active EE

$2,701

$4,994-45.9%

$6,568-58.9%

$3,224-16.2%

Admin fee / account holder

$183

$107+70.9%

$11,282-98.4%

$110+65.4%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC2 years

Service code 27

315 DEADERICK ST 5TH FL · NASHVILLE, TN 37238

Advisory (Plan)

$46,789

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$31,094

BKD, LLP1 year

Filed as: BKD LLP

Service code 10

910 E ST LOUIS STREET SUITE 200 · SPRINGFIELD, MO 658011190

Accounting

$18,200

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$427

MCAFEE & TAFT2 years

Service code 29

211 N ROBINSON 10TH FL · OKLAHOMA CITY, OK 73102

Legal

$300

OLNEY BANCSHARES OF TEXAS, INC. EMPLOYEES 401(K) RETIREMENT PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OLNEY BANCSHARES OF TEXAS, INC. EMPLOYEES 401(K) RETIREMENT PLAN AND TRUST

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