Plan Snapshot
- Plan Sponsor: Ambank Company INC
- Sponsor EIN: 420318300
- Sponsor Address: 525 NORTH MAIN AVENUE, SIOUX CENTER, IA, 51250
- Plan Type: 401(k)
- Total Participants: 243
- Total Assets: $36.7M
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 | 243 | $36.7M | $932,807 | $1.6M |
| 2023 | 250 | $32.1M | $896,122 | $1.5M |
| 2022 | 243 | $25.9M | $768,258 | $1.4M |
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 |
|---|---|---|---|---|
| KROESE & KROESE, P.C. | Auditor | — | — | $0 |
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 | $56,917 | — | — | — | — |
| 2023 | $54,527 | — | — | — | — |
| 2022 | $51,716 | $51,716 | — | — | — |