Retirement plan

CACHE VALLEY BANK EMPLOYEE 401 K PROFIT SHARING PLAN

Name: CACHE VALLEY BANK - CACHE VALLEY BANK EMPLOYEE 401 K PROFIT SHARING PLAN (2015) Form 5500
Creator: CACHE VALLEY BANK
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CACHE VALLEY BANK EMPLOYEE 401 K PROFIT SHARING PLAN, CACHE VALLEY BANK

CACHE VALLEY BANKEIN 87-0310100Plan #001PY 2015

101 NORTH MAIN - LOGAN, UT 84321435-753-3020northerntitle.netLinkedIn11-50 employeesreal estate

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$4.3M

No prior year

Total participants

192

No prior year

Average account balance

$23,288

No prior year

Annual return

22.71%

No prior year

Benchmarks

See 1,412 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,412 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.40M

Not enough data

1 years with asset history on file

Average account balance

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

$61K

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.

369

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.

87.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.49M

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

+17.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$217

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
VOYA RETIREMENT INSURANCE & ANNUITY1+ years Service code 64 · EIN 71-0294708	Recordkeeping Fees	$450

Plan features & details

Pension benefit codes2E2G2J2K2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$450

$3 / participant

Other / not subdivided$450100.0%

% of EOY assets

0.011%

all-in expense ratio

Categories reported

0 / 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: COOK MARTIN POULSON, P.C.
Auditor EIN: 870517946
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,288

$41,854-44.4%

$73,845-68.5%

$52,331-55.5%

Participation rate

94.9%

66.2%+28.7pp

73.4%+21.5pp

68.1%+26.8pp

Annual return

22.71%

2.11%+20.6pp

2267.91%-2245.2pp

4.54%+18.2pp

Employer contribution / active EE

$1,878

$1,920-2.2%

$2,788-32.6%

$1,882-0.2%

Participant deferral / active EE

$2,175

$2,498-12.9%

$3,583-39.3%

$3,022-28.0%

Admin fee / account holder

$493-99.5%

$4,881-99.9%

$592-99.6%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY1+ years

Service code 64 · EIN 71-0294708

Recordkeeping Fees

$450

CACHE VALLEY BANK EMPLOYEE 401 K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CACHE VALLEY BANK EMPLOYEE 401 K 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