Plan Snapshot
- Plan Sponsor: Bank Five Nine
- Sponsor EIN: 390148000
- Sponsor Address: 155 W. WISCONSIN AVENUE, OCONOMOWOC, WI, 530665204
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 436
- Total Assets: $40.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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. |
|---|---|---|---|---|
| 2025 | 436 | $40.4M | $0 | $0 |
| 2024 | 331 | $36.0M | $1.1M | $2.0M |
| 2023 | 320 | $31.8M | $930,799 | $1.8M |
| 2022 | 315 | $24.1M | $965,796 | $1.8M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $114,703 | — | $114,703 |
| LPL FINANCIAL LLC - RPCP | Investment Advisor | — | $37,312 | $37,312 |
| LPL FINANCIAL LLC | Investment Advisor | — | $35,883 | $35,883 |
| CREATIVE PLANNING, LLC | Investment Advisor | $18,484 | $9 | $18,493 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $206,391
- Estimated Expense Ratio: 0.511% 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 |
|---|---|---|---|---|---|
| 2025 | $4,214,253 | — | $133,188 | — | — |
| 2024 | $148,207 | — | $148,207 | — | — |
| 2023 | $80,071 | — | $80,071 | — | — |
| 2022 | $19,273 | — | — | — | — |