Retirement plan

WOODFOREST FINANCIAL GROUP EMPLOYEE STOCK OWNERSHIP PLAN

Name: WOODFOREST FINANCIAL GROUP, INC. - WOODFOREST FINANCIAL GROUP EMPLOYEE STOCK OWNERSHIP PLAN (2015) Form 5500
Creator: WOODFOREST FINANCIAL GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WOODFOREST FINANCIAL GROUP EMPLOYEE STOCK OWNERSHIP PLAN, WOODFOREST FINANCIAL GROUP, INC.

WOODFOREST FINANCIAL GROUP, INC.EIN 76-0163373Plan #001PY 2015

1330 LAKE ROBBINS DRIVE, SUITE 150 - THE WOODLANDS, TX 773800000832-375-2515woodforestfinancial.comLinkedIn1001-5000 employeesfinancial services

Prospect flagsLow participant contributionCorrective distributions

Top hat statement on fileNQDC

Filed October 14, 2015

Plan administrator

Plan administrator name— Sign in and upgrade to view

1330 Lake Robbins Drive

The Woodlands State: TX Zip Code: 77380

Email— Sign in and upgrade to view Phone— Sign in and upgrade to view

Plans declared (1)

Plan name not on file9 emp

Open the filing PDF

How to read this page

Total assets (EOY)

$239.5M

-12.3% from 2016

Total participants

4,460

-13.2% from 2016

Average account balance

$57,903

+1.2% from 2016

Annual return

12.36%

-13.20 pp from 2016

Benchmarks

See 134 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants1,000-4,999

Cohort134 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$498.56M

Not enough data

1 years with asset history on file

Average account balance

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

$119K

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.

4,186

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.

80.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$19.40M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+2.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$87

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 1 by compensation

Provider	Service type	Compensation
RETIREMENT HORIZONS INC.1+ years Filed as: RETIREMENT HORIZONS, INC Service code 15 · EIN 76-0551734 2201 TIMBERLOCH PLACE, STE 150 · THE WOODLANDS, TX 77380	Recordkeeping	$179,222

Plan features & details

Pension benefit codes2H2I2J2K2O2Q2S2T

Plan features

2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2I
Stock bonus
Stock bonus 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.
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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
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.

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$179K

$45 / participant

Investment mgmt$179K100.0%

% of EOY assets

0.075%

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: CALVETTI FERGUSON
Auditor EIN: 134255527
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$57,903

$99,628-41.9%

$105,218-45.0%

$59,188-2.2%

Participation rate

91.9%

80.5%+11.5pp

77.2%+14.7pp

69.4%+22.5pp

Annual return

12.36%

3.21%+9.1pp

5.33%+7.0pp

5.51%+6.8pp

Employer contribution / active EE

$925

$2,454-62.3%

$3,255-71.6%

$2,098-55.9%

Participant deferral / active EE

$1,884

$4,189-55.0%

$4,867-61.3%

$3,265-42.3%

Admin fee / account holder

$43

$62-30.6%

$6,992-99.4%

$92-53.0%

Provider

Service type

Compensation

RETIREMENT HORIZONS INC.1+ years

Filed as: RETIREMENT HORIZONS, INC

Service code 15 · EIN 76-0551734

2201 TIMBERLOCH PLACE, STE 150 · THE WOODLANDS, TX 77380

Recordkeeping

$179,222

WOODFOREST FINANCIAL GROUP EMPLOYEE STOCK OWNERSHIP PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WOODFOREST FINANCIAL GROUP EMPLOYEE STOCK OWNERSHIP PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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