Retirement plan

FNB 401(K) EMPLOYEE STOCK OWNERSHIP PLAN

Name: FIRST NORTHERN BANK OF WYOMING - FNB 401(K) EMPLOYEE STOCK OWNERSHIP PLAN (2023) Form 5500
Creator: FIRST NORTHERN BANK OF WYOMING
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FNB 401(K) EMPLOYEE STOCK OWNERSHIP PLAN, FIRST NORTHERN BANK OF WYOMING

FIRST NORTHERN BANK OF WYOMINGEIN 83-0107485Plan #001PY 2023

PO BOX 400 - BUFFALO, WY 82834307-684-2211firstnorthern.bankLinkedIn51-200 employeesbanking

Other plans on this EIN

1 filing

#002Retirement-$6.6M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$15.4M

+13.8% from 2022

Total participants

145

+29.5% from 2022

Average account balance

$107,672

-11.7% from 2022

Annual return

17.15%

+20.20 pp from 2022

Benchmarks

See 2,152 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,152 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.98M

Not enough data

1 years with asset history on file

Average account balance

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

$104K

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.

153

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.

97.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$887K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+8.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2H2T2J2O3H2Q

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.
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.
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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$1.3M

$9797 / participant

Other / not subdivided$1M100.0%

% of EOY assets

8.335%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$107,672

$130,294-17.4%

$170,057-36.7%

$71,529+50.5%

Participation rate

98.5%

86.2%+12.3pp

87.0%+11.5pp

67.9%+30.5pp

Annual return

17.15%

20.36%-3.2pp

53.42%-36.3pp

28.97%-11.8pp

Employer contribution / active EE

$2,198

$4,385-49.9%

$6,790-67.6%

$2,590-15.1%

Participant deferral / active EE

$4,038

$6,928-41.7%

$10,411-61.2%

$4,291-5.9%

Admin fee / account holder

$8,975

$966+828.8%

$12,826-30.0%

$1,588+465.0%

FNB 401(K) EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FNB 401(K) EMPLOYEE STOCK OWNERSHIP 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