Plan Snapshot
- Plan Sponsor: Bankers Bank
- Sponsor EIN: 391373892
- Sponsor Address: 7700 MINERAL POINT RD, MADISON, WI, 53717
- Plan Type: 401(k)
- Total Participants: 133
- Total Assets: $35.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 133 | $35.4M | $1.2M | $1.4M |
| 2023 | 151 | $32.0M | $1.3M | $1.5M |
| 2022 | 154 | $25.8M | $1.4M | $1.3M |
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 |
|---|---|---|---|---|
| MORGAN STANLEY SMITH BARNEY LLC | BROKER/DEALER | — | $62,198 | $62,198 |
| VOYA RETIREMENT INSURANCE & ANNUITY | SERVICE PROVIDER | $39,661 | — | $39,661 |
| VRAKAS S.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- VRAKAS S.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $101,859
- Estimated Expense Ratio: 0.287% 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 | $43,814 | $3,005 | $11,767 | — | — |
| 2023 | $62,159 | $1,942 | $13,877 | — | — |
| 2022 | $52,593 | — | — | — | — |