Retirement plan

FARMERS & MERCHANTS BANK OF CENT CA INTEGRATED PSP

Name: FARMERS & MERCHANTS BANK OF CENTRAL CALIFORNIA - FARMERS & MERCHANTS BANK OF CENT CA INTEGRATED PSP (2024) Form 5500
Creator: FARMERS & MERCHANTS BANK OF CENTRAL CALIFORNIA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FARMERS & MERCHANTS BANK OF CENT CA INTEGRATED PSP, FARMERS & MERCHANTS BANK OF CENTRAL CALIFORNIA

FARMERS & MERCHANTS BANK OF CENTRAL CALIFORNIAEIN 94-0467440Plan #002PY 2024

121 WEST PINE STREET - LODI, CA 952402184209-367-2411fmbonline.comLinkedIn201-500 employeesbanking

Prospect flagsHigh fees

Top hat statement on fileNQDC

Filed December 5, 2012 (most recent of 5 filings on file)

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)

$90M

+8.0% from 2023

Total participants

493

-1.4% from 2023

Average account balance

$184,120

+8.0% from 2023

Annual return

13.46%

-2.29 pp from 2023

Benchmarks

See 1,551 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,551 peers

Snapshot2024

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Analytics

Total assets (EOY)

Plan-year ending balance

$90.03M

Not enough data

1 years with asset history on file

Average account balance

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

$184K

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.

489

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.

98.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.69M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+13.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$505

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 6 by compensation

Provider	Service type	Compensation
CARLSON QUINN4 years Filed as: CARLSON QUINN, INC. Service code 49	Other Services	$23,164
CARLSON QUINN4 years Service code 49 · EIN 94-3210526	Other Services	$10,596
MORNINGSTAR2 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26 · EIN 36-4317381	Advisory (Participants)	$4,958
SAGEVIEW ADVISORY GROUP, LLC1 year Filed as: SAGEVIEW ADVISORY GROUP LLC Service code 99 · EIN 33-0818667	Other Fees	$2,092
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA RETIREMENT INS. & ANNUITY CO. Service code 64	Recordkeeping Fees	$120
VOYA RETIREMENT INSURANCE & ANNUITY6 years Filed as: VOYA RETIREMENT INS & ANNUITY CO Service code 26 · EIN 71-0294708	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2A2E2G2J2S2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
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

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

$247K

$681 / participant

Recordkeeping$130K52.6%
Investment mgmt$86K34.7%
Contract admin$54K21.7%

% of EOY assets

0.274%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: EIDE BAILLY LLP
Auditor EIN: 450250958
Audit fees: $-22,000
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$184,120

$129,021+42.7%

$184,2030%

$77,643+137.1%

Participation rate

98.9%

87.3%+11.6pp

86.8%+12.1pp

70.6%+28.3pp

Annual return

13.46%

33.27%-19.8pp

28.81%-15.4pp

31.24%-17.8pp

Employer contribution / active EE

$10,586

$4,413+139.9%

$6,427+64.7%

$2,726+288.4%

Participant deferral / active EE

$7,846

$7,297+7.5%

$9,131-14.1%

$4,647+68.8%

Admin fee / account holder

$505

$254+99.0%

$13,901-96.4%

$430+17.4%

Provider

Service type

Compensation

CARLSON QUINN4 years

Filed as: CARLSON QUINN, INC.

Service code 49

Other Services

$23,164

CARLSON QUINN4 years

Service code 49 · EIN 94-3210526

Other Services

$10,596

MORNINGSTAR2 years

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT

Service code 26 · EIN 36-4317381

Advisory (Participants)

$4,958

SAGEVIEW ADVISORY GROUP, LLC1 year

Filed as: SAGEVIEW ADVISORY GROUP LLC

Service code 99 · EIN 33-0818667

Other Fees

$2,092

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA RETIREMENT INS. & ANNUITY CO.

Service code 64

Recordkeeping Fees

$120

VOYA RETIREMENT INSURANCE & ANNUITY6 years

Filed as: VOYA RETIREMENT INS & ANNUITY CO

Service code 26 · EIN 71-0294708

Advisory (Participants)

FARMERS & MERCHANTS BANK OF CENT CA INTEGRATED PSP

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FARMERS & MERCHANTS BANK OF CENT CA INTEGRATED PSP

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