# Bancroft Implement, INC. 401(k) Plan
Source: https://planprovider.pro/companies/bancroft-implement-inc-401k-plan

> Bancroft Implement, INC.'s 401(k) plan: 151 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Bancroft Implement, INC.

- **Sponsor EIN:** 420959376

- **Sponsor Address:** P.O. BOX 216, BANCROFT, IA, 50517

- **Plan Type:** 401(k)

- **Total Participants:** 151

- **Total Assets:** $13.8M

## 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|151|$13.8M|$214,934|$782,692|

| 2023|145|$11.2M|$78,089|$278,513|

## 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|

| MARTENS & CO.|Auditor|$14,248|—|$14,248|

### Verified Provider Profiles

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

- [MARTENS & CO.](https://planprovider.pro/provider/martens-and-company-cpa-llp) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $14,248

- **Estimated Expense Ratio:** 0.103% 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|$44,736|$29,600|—|$14,248|—|

| 2023|$6,637|—|$6,637|—|—|

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