Retirement plan

FNB PROFIT SHARING PLAN

Name: FIRST NORTHERN BANK OF WYOMING - FNB PROFIT SHARING PLAN (2016) Form 5500
Creator: FIRST NORTHERN BANK OF WYOMING
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FNB PROFIT SHARING PLAN, FIRST NORTHERN BANK OF WYOMING

FIRST NORTHERN BANK OF WYOMINGEIN 83-0107485Plan #002PY 2016

PO BOX 400, 141 S. MAIN - BUFFALO, WY 82834307-684-2211firstnorthern.bankLinkedIn51-200 employeesbanking

Other plans on this EIN

1 filing

#001Retirement-$7.1M assets

Prospect flagsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$1.8M

+38.4% from 2015

Total participants

+10.5% from 2015

Average account balance

$28,809

+27.2% from 2015

Annual return

9.43%

+12.01 pp from 2015

Benchmarks

See 7,671 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,671 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.59M

Not enough data

1 years with asset history on file

Average account balance

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

$65K

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.

116

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.

104.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.07M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+8.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5364

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

0 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 codes2E2F2G3D3H

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.
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

2 tripped

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

$39K

$639 / participant

Other / not subdivided$39K100.0%

% of EOY assets

2.183%

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

$28,809

$87,834-67.2%

$133,975-78.5%

$62,881-54.2%

Participation rate

98.4%

83.4%+15.0pp

87.1%+11.3pp

69.3%+29.1pp

Annual return

9.43%

12.05%-2.6pp

29.29%-19.9pp

20.14%-10.7pp

Employer contribution / active EE

$6,752

$3,482+93.9%

$5,211+29.6%

$2,281+196.0%

Participant deferral / active EE

$4,812-100.0%

$6,282-100.0%

$3,203-100.0%

Admin fee / account holder

$629

$5,372-88.3%

$9,324-93.3%

$4,296-85.4%

FNB PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FNB 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