Plan Snapshot
- Plan Sponsor: Axiom Bank
- Sponsor EIN: 591008568
- Sponsor Address: 258 SOUTHHALL LANE 3RD FLOOR, MAITLAND, FL, 327517449
- Plan Type: 401(k)
- Total Participants: 128
- Total Assets: $8.6M
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 | 128 | $8.6M | $449,561 | $1.0M |
| 2023 | 127 | $8.0M | $554,098 | $1.1M |
| 2022 | 135 | $6.0M | $417,352 | $823,330 |
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 |
|---|---|---|---|---|
| SAGEVIEW ADVISORY GROUP LLC | INVESTMENT/FINANCIAL ADVI | $41,373 | — | $41,373 |
| ADP, INC. | RECORD KEEPER | $5,400 | — | $5,400 |
| MCDIRMIT DAVIS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SAGEVIEW ADVISORY GROUP LLC — INVESTMENT/FINANCIAL ADVI
- ADP, INC. — RECORD KEEPER
- MCDIRMIT DAVIS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $46,773
- Estimated Expense Ratio: 0.545% 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 | $46,773 | $41,373 | — | — | — |
| 2023 | $15,984 | $3,186 | — | — | — |
| 2022 | $30,657 | — | — | — | — |