Plan Snapshot
- Plan Sponsor: Byline Bancorp, INC.
- Sponsor EIN: 363012593
- Sponsor Address: 180 N LASALLE, SUITE 300, CHICAGO, IL, 606012501
- Plan Type: 401(k)
- Total Participants: 1,028
- Total Assets: $92.2M
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 | 1,028 | $92.2M | $3.6M | $8.0M |
| 2023 | 1,045 | $75.2M | $3.3M | $7.3M |
| 2022 | 970 | $55.0M | $3.0M | $6.6M |
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 | CONTRACT ADMINISTRATOR | $178,025 | $14,841 | $192,866 |
| MORGAN STANLEY GLOBAL BANKING OPERA | CONTRACT ADMINISTRATOR | — | $74,465 | $74,465 |
| MOSS ADAMS | ACCOUNTANT | — | $24,150 | $24,150 |
| BAKER TILLY US, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY GLOBAL BANKING OPERA — CONTRACT ADMINISTRATOR
- MOSS ADAMS — ACCOUNTANT
- BAKER TILLY US, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $291,481
- Estimated Expense Ratio: 0.316% 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 | $178,026 | — | $178,026 | — | — |
| 2023 | $154,475 | $16,895 | $137,580 | — | — |
| 2022 | $119,865 | — | $119,865 | — | — |