Plan Snapshot
- Plan Sponsor: Bnb Bank
- Sponsor EIN: 112934194
- Sponsor Address: 898 VETERANS MEMORIAL HIGHWAY, HAUPPAUGE, NY, 11788
- Plan Type: DB
- Total Participants: 21
- Total Assets: $30.1M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 21 | $30.1M | $0 | $0 |
| 2023 | 70 | $38.3M | $0 | $0 |
| 2022 | 75 | $38.6M | $0 | $0 |
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 |
|---|---|---|---|---|
| BANK OF AMERICA | NONE | $157,563 | — | $157,563 |
| THE BENEFIT PRACTICE | NONE | $103,205 | — | $103,205 |
| NAWROCKI SMITH LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NAWROCKI SMITH LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $260,768
- Estimated Expense Ratio: 0.866% 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 | $287,230 | $144,776 | — | — | — |
| 2023 | $217,657 | — | — | $43,134 | — |
| 2022 | $228,090 | $147,530 | — | — | — |