Plan Snapshot
- Plan Sponsor: Blackhawk Bank & Trust
- Sponsor EIN: 362463577
- Sponsor Address: 301 W 4TH STREET, MILAN, IL, 612642455
- Plan Type: 401(k)
- Total Participants: 250
- Total Assets: $35.4M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 250 | $35.4M | $1.0M | $207,598 |
| 2023 | 244 | $34.0M | $876,900 | $193,622 |
| 2022 | 235 | $30.5M | $1.4M | $178,753 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $86,263 | — | $86,263 |
| COMMONWEALTH FINANCIAL NETWORK | Investment Advisor | — | $53,567 | $53,567 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- COMMONWEALTH FINANCIAL NETWORK — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $139,830
- Estimated Expense Ratio: 0.395% 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 | $86,264 | — | $86,264 | — | — |
| 2023 | $74,056 | — | $74,056 | — | — |
| 2022 | $72,659 | — | $72,659 | — | — |