Plan Snapshot
- Plan Sponsor: Bank Of Ann Arbor
- Sponsor EIN: 383252110
- Sponsor Address: 125 S. 5TH AVENUE, ANN ARBOR, MI, 48104
- Plan Type: 401(k)
- Total Participants: 333
- Total Assets: $63.3M
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 | 333 | $63.3M | $1.4M | $3.2M |
| 2023 | 309 | $57.0M | $1.4M | $3.2M |
| 2022 | 314 | $49.4M | $1.6M | $3.1M |
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 |
|---|---|---|---|---|
| CROWE LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $32,693 | — | — | — | — |
| 2023 | $8,026 | — | — | — | — |
| 2022 | -$58,997 | — | — | — | — |