Retirement plan

FNB PROFIT SHARING PLAN

Name: FIRST NORTHERN BANK OF WYOMING - FNB PROFIT SHARING PLAN (2024) 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 2024

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

Other plans on this EIN

1 filing

#001Retirement-$16.0M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$7.6M

+15.7% from 2023

Total participants

116

+5.5% from 2023

Average account balance

$65,466

+9.7% from 2023

Annual return

8.29%

-5.54 pp from 2023

Benchmarks

See 2,174 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,174 peers

Snapshot2024

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 returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$622K

$5606 / participant

Other / not subdivided$622K100.0%

% of EOY assets

8.194%

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

$65,466

$122,042-46.4%

$184,260-64.5%

$74,459-12.1%

Participation rate

100.0%

85.5%+14.5pp

86.8%+13.2pp

67.2%+32.8pp

Annual return

8.29%

19.91%-11.6pp

28.84%-20.6pp

1369.70%-1361.4pp

Employer contribution / active EE

$9,680

$4,537+113.3%

$6,427+50.6%

$2,626+268.7%

Participant deferral / active EE

$7,143-100.0%

$9,133-100.0%

$4,350-100.0%

Admin fee / account holder

$5,364

$1,252+328.4%

$13,898-61.4%

$1,945+175.8%

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