Plan Snapshot
- Plan Sponsor: Banking Services Corporation
- Sponsor EIN: 521221931
- Sponsor Address: 4805 PHILADELPHIA RD PO BOX 200, BELCAMP, MD, 210170200
- Plan Type: 401(k)
- Total Participants: 393
- Total Assets: $3.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 393 | $3.5M | $30,603 | $733,806 |
| 2023 | 376 | $2.9M | $28,348 | $638,793 |
| 2022 | 347 | $2.6M | $25,209 | $612,693 |
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 |
|---|---|---|---|---|
| ELLIN & TUCKER CHARTERED | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ELLIN & TUCKER CHARTERED — 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 | $25,513 | $9,061 | $16,452 | — | — |
| 2023 | $18,888 | $3,948 | $14,940 | — | — |
| 2022 | $5,298 | — | $5,298 | — | — |