# Banco Santander S.A. New York Branch DB Plan
Source: https://planprovider.pro/companies/banco-santander-s-a-new-york-branch-plan

> Banco Santander S.A. New York Branch's DB plan: 61 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Banco Santander S.A. New York Branch

- **Sponsor EIN:** 132617929

- **Sponsor Address:** 45 EAST 53RD STREET, NEW YORK, NY, 10022

- **Plan Type:** DB

- **Total Participants:** 61

- **Total Assets:** $123.3M

## 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|61|$123.3M|$0|$0|

| 2023|282|$162.1M|$818,000|$0|

| 2022|297|$153.9M|$25.9M|$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|

| TOWERS WATSON INVESTMENT SERVICES|INVESTMENT CONSULTANT|$884,243|—|$884,243|

| WILLIS TOWERS WATSON US LLC|NONE|$495,587|—|$495,587|

| KORN FERRY (US)|NONE|$49,280|—|$49,280|

| PRINCIPAL TRUST COMPANY|TRUSTEE|$40,119|—|$40,119|

| HERBEIN + COMPANY, INC.|NONE|$24,000|—|$24,000|

| BLACKROCK INSTITUTIONAL TRUST CO|INVESTMENT MANAGER|$12,488|—|$12,488|

| STATE STREET GLOBAL ADVSRS TRUST CO|INVESTMENT MANAGER|$7,105|—|$7,105|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [WILLIS TOWERS WATSON US LLC](https://planprovider.pro/provider/lincoln-financial-group) — NONE

- [PRINCIPAL TRUST COMPANY](https://planprovider.pro/provider/principal-financial-group-inc) — TRUSTEE

- [HERBEIN + COMPANY, INC.](https://planprovider.pro/provider/herbein-company-inc) — NONE

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $1,512,822

- **Estimated Expense Ratio:** 1.227% 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|$1,641,293|$903,836|—|$24,000|—|

| 2023|$493,080|$242,615|—|$22,500|—|

| 2022|$1,399,448|$354,452|$36,084|—|$145,784|

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