Retirement plan

UNITED SECURITY BANK CASH OR DEFERRED STOCK OWNERSHIP PLAN

Name: UNITED SECURITY BANK - UNITED SECURITY BANK CASH OR DEFERRED STOCK OWNERSHIP PLAN (2021) Form 5500
Creator: UNITED SECURITY BANK
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNITED SECURITY BANK CASH OR DEFERRED STOCK OWNERSHIP PLAN, UNITED SECURITY BANK

UNITED SECURITY BANKEIN 77-0103429Plan #002PY 2021

2126 INYO ST. - FRESNO, CA 93721559-248-5089unitedsecuritybank.comLinkedIn51-200 employeesbanking

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed August 29, 2006

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)

$10.5M

+11.7% from 2020

Total participants

182

+1.1% from 2020

Average account balance

$65,393

+10.3% from 2020

Annual return

13.92%

+16.57 pp from 2020

Benchmarks

See 2,179 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,179 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.19M

Not enough data

1 years with asset history on file

Average account balance

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

$88K

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.

161

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.

80.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$902K

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

+27.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$189

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 3 by compensation

Provider	Service type	Compensation
NATIONWIDE7+ years Service code 15 · EIN 31-4153830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$55,579
FIDUCIARY WISE, LLC1 year Filed as: FIDUCIARY WISE LLC Service code 49 · EIN 60-6800260 2487 S GILBERT RD SUIE 106 · GILBERT, AZ 85295	Other Services	$8,559
NEXUS ADMINISTRATORS, INC.2 years Service code 13 · EIN 77-0586222 7525 N CEDAR AVE, SUITE 109 · FRESNO, CA 93720	Contract Administrator	$3,375

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$31K

$268 / participant

Investment mgmt$31K100.0%

% of EOY assets

0.290%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MOSS ADAMS, LLP
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$65,393

$121,341-46.1%

$189,545-65.5%

$79,389-17.6%

Participation rate

81.6%

86.1%-4.5pp

87.8%-6.2pp

70.7%+10.9pp

Annual return

13.92%

21.08%-7.2pp

555.36%-541.4pp

116.89%-103.0pp

Employer contribution / active EE

$2,263

$3,915-42.2%

$6,162-63.3%

$2,428-6.8%

Participant deferral / active EE

$3,990

$6,395-37.6%

$8,220-51.5%

$4,046-1.4%

Admin fee / account holder

$190

$651-70.9%

$12,049-98.4%

$626-69.7%

Provider

Service type

Compensation

NATIONWIDE7+ years

Service code 15 · EIN 31-4153830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$55,579

FIDUCIARY WISE, LLC1 year

Filed as: FIDUCIARY WISE LLC

Service code 49 · EIN 60-6800260

2487 S GILBERT RD SUIE 106 · GILBERT, AZ 85295

Other Services

$8,559

NEXUS ADMINISTRATORS, INC.2 years

Service code 13 · EIN 77-0586222

7525 N CEDAR AVE, SUITE 109 · FRESNO, CA 93720

Contract Administrator

$3,375

UNITED SECURITY BANK CASH OR DEFERRED STOCK OWNERSHIP PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNITED SECURITY BANK CASH OR DEFERRED STOCK OWNERSHIP 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