Retirement plan

FIRST COMMUNITY BANK 401(K) PROFIT SHARING PLAN

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

FIRST COMMUNITY BANKEIN 76-0024722Plan #001PY 2017

416 NORTH WATER STREET - CORPUS CHRISTI, TX 784012533361-888-9310fcbot.comLinkedIn51-200 employeesbanking

Other plans on this EIN

1 filing

#002Retirement-$8.8M assets

Prospect flagsLow assets / participantLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$2.9M

+21.8% from 2016

Total participants

128

-19.5% from 2016

Average account balance

$25,086

+33.6% from 2016

Annual return

14.95%

+8.12 pp from 2016

Benchmarks

See 2,201 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,201 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.09M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

110

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.

70.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$426K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+9.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$432

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 4 by compensation

Provider	Service type	Compensation
BLUE CHIP RETIREMENT PLANS, INC.1 year Filed as: BLUE RIDGE ESOP ASSOCIATES Service code 13 · EIN 13-4238973 154 HANSEN ROAD · CHARLOTTESVILLE, VA 22911	Contract Administrator	$8,051
CAPFINANCIAL PARTNERS LLC1 year Filed as: CAPFINANCIAL PARTNERS, LLC Service code 26 · EIN 26-0058143 4208 SIX FORKS ROAD · RALEIGH, NC 27609	Advisory (Participants)	$0
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Service code 15 · EIN 01-0233346 TBD · BOSTON, MA 22911	Recordkeeping	$0
MY GROUP LLC1 year Service code 26 · EIN 27-2102627 3600 NORTH CAPITAL OF TX HIGHWAY · AUSTIN, TN 78746	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$21K

$188 / participant

Investment mgmt$21K100.0%

% of EOY assets

0.750%

all-in expense ratio

Categories reported

1 / 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: TRANBARGER FHK PLLC
Auditor EIN: 824121583
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,086

$89,739-72.0%

$149,721-83.2%

$62,293-59.7%

Participation rate

87.7%

85.1%+2.6pp

87.1%+0.7pp

69.5%+18.2pp

Annual return

14.95%

21.01%-6.1pp

1501.67%-1486.7pp

28.90%-13.9pp

Employer contribution / active EE

$542

$3,233-83.2%

$5,444-90.0%

$2,042-73.5%

Participant deferral / active EE

$1,748

$4,797-63.6%

$6,568-73.4%

$3,169-44.8%

Admin fee / account holder

$188

$551-65.9%

$11,282-98.3%

$479-60.8%

Provider

Service type

Compensation

BLUE CHIP RETIREMENT PLANS, INC.1 year

Filed as: BLUE RIDGE ESOP ASSOCIATES

Service code 13 · EIN 13-4238973

154 HANSEN ROAD · CHARLOTTESVILLE, VA 22911

Contract Administrator

$8,051

CAPFINANCIAL PARTNERS LLC1 year

Filed as: CAPFINANCIAL PARTNERS, LLC

Service code 26 · EIN 26-0058143

4208 SIX FORKS ROAD · RALEIGH, NC 27609

Advisory (Participants)

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Service code 15 · EIN 01-0233346

TBD · BOSTON, MA 22911

Recordkeeping

MY GROUP LLC1 year

Service code 26 · EIN 27-2102627

3600 NORTH CAPITAL OF TX HIGHWAY · AUSTIN, TN 78746

Advisory (Participants)

FIRST COMMUNITY BANK 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIRST COMMUNITY BANK 401(K) 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