# Bank Forward DC Plan
Source: https://planprovider.pro/companies/bank-forward-plan-003

> Bank Forward's DC plan: 194 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Bank Forward

- **Sponsor EIN:** 450192700

- **Sponsor Address:** 5651 38TH AVE. S., FARGO, ND, 58104

- **Plan Type:** DC

- **Total Participants:** 194

- **Total Assets:** $47.1M

## 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|194|$47.1M|$1.3M|$0|

| 2023|192|$41.7M|$1.6M|$0|

| 2022|192|$35.3M|$1.4M|$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|

| PRINCIPAL FINANCIAL|RECORDKEEPER/BOOKKEEPER|$20,136|—|$20,136|

| EIDE BAILLY|CONSULTANT|$12,915|—|$12,915|

| WIDMER ROEL|ACCOUNTANT|$10,800|—|$10,800|

| BALLARD SPAHR|LEGAL|$7,889|—|$7,889|

| BRADY MARTS & ASSOCIATES, P.C.|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [WIDMER ROEL](https://planprovider.pro/provider/widmer-roel-pc) — ACCOUNTANT

- [BALLARD SPAHR](https://planprovider.pro/provider/ballard-spahr-llp) — LEGAL

- [BRADY MARTS & ASSOCIATES, P.C.](https://planprovider.pro/provider/brady-martz-and-associates-pc) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $51,740

- **Estimated Expense Ratio:** 0.110% 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|$61,708|$37,331|—|—|—|

| 2023|$52,224|$9,500|$15,913|—|—|

| 2022|$52,732|$9,400|$17,604|—|$25,728|

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