# American Federal Bank DC Plan
Source: https://planprovider.pro/companies/american-federal-bank-plan-003

> American Federal Bank's DC plan: 107 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/ballard-spahr-llp) — NONE

- [EIDE BAILLY LLC](https://planprovider.pro/provider/eide-bailly-llp) — 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|

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