Plan Snapshot
- Plan Sponsor: American Federal Bank
- Sponsor EIN: 410229822
- Sponsor Address: 215 FIFTH STREET NORTH, FARGO, ND, 58102
- Plan Type: DC
- Total Participants: 107
- Total Assets: $15.1M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 107 | $15.1M | $0 | $0 |
| 2023 | 107 | $14.9M | $378,283 | $0 |
| 2022 | 101 | $16.4M | $347,447 | $0 |
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 |
|---|---|---|---|---|
| TRANSITION FINANCE STRATEGIES, LLC | NONE | $20,964 | — | $20,964 |
| RP FINANCIAL, LC. | NONE | $15,800 | — | $15,800 |
| EIDE BAILLY | NONE | $8,439 | — | $8,439 |
| EIDE BAILLY LLC | Auditor | $8,439 | — | $8,439 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EIDE BAILLY — NONE
- EIDE BAILLY LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $53,642
- Estimated Expense Ratio: 0.355% of plan assets
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 | $49,311 | — | — | $8,439 | — |
| 2023 | $29,403 | — | — | $7,375 | — |
| 2022 | $34,917 | — | — | — | $34,917 |