Plan Snapshot
- Plan Sponsor: Banker Industries, INC.
- Sponsor EIN: 208609234
- Sponsor Address: 111 SOUTH 56TH STREET, CHANDLER, AZ, 85226
- Plan Type: 401(k)
- Total Participants: 149
- Total Assets: $793,548
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 | 149 | $793,548 | $0 | $193,957 |
| 2023 | 147 | $593,000 | $0 | $176,090 |
| 2022 | 148 | $382,564 | $1,871 | $114,112 |
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 |
|---|---|---|---|---|
| KIMBERLIN COMPANY | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- KIMBERLIN COMPANY — Auditor
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 | $14,432 | — | $14,432 | — | — |
| 2023 | $11,400 | — | $11,400 | — | — |
| 2022 | $10,025 | — | $10,025 | — | — |