# Ambank Company INC 401(k) Plan
Source: https://planprovider.pro/companies/ambank-company-inc-401k-plan

> Ambank Company INC's 401(k) plan: 243 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|—|

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