Plan Snapshot
- Plan Sponsor: Alma Bank
- Sponsor EIN: 760839230
- Sponsor Address: 31 10 37TH AVENUE, 400, LONG ISLAND CITY, NY, 11101
- Plan Type: 401(k)
- Total Participants: 163
- Total Assets: $12.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 163 | $12.9M | $575,840 | $951,354 |
| 2023 | 163 | $11.2M | $542,194 | $879,683 |
| 2022 | 164 | $8.9M | $446,308 | $749,067 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| WISS & COMPANY, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WISS & COMPANY, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $61,206 | $34,023 | $300 | — | — |
| 2023 | $49,038 | $27,940 | — | — | — |
| 2022 | $55,585 | — | — | — | — |