Plan Snapshot
- Plan Sponsor: Bankers Financial Corporation
- Sponsor EIN: 592318812
- Sponsor Address: 11101 ROOSEVELT BLVD N, ST. PETERSBURG, GA, 33716
- Plan Type: 401(k)
- Total Participants: 413
- Total Assets: $50.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 413 | $50.4M | $1.1M | $3.0M |
| 2023 | 409 | $49.7M | $1.1M | $3.0M |
| 2022 | 460 | $43.9M | $1.1M | $2.9M |
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 |
|---|---|---|---|---|
| CBIZ CPAS P.C. | Auditor | $20,591 | — | $20,591 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $20,591
- Estimated Expense Ratio: 0.041% 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 | $111,471 | $30,000 | $51,207 | $20,591 | — |
| 2023 | $90,122 | $24,415 | $27,450 | $7,500 | — |
| 2022 | $87,349 | $22,500 | $59,849 | — | $5,000 |