Plan Snapshot
- Plan Sponsor: Celtic Bank Corporation
- Sponsor EIN: 870662267
- Sponsor Address: 268 SOUTH STATE STREET, SALT LAKE CITY, UT, 84111
- Plan Type: 401(k)
- Total Participants: 370
- Total Assets: $32.7M
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 | 370 | $32.7M | $1.1M | $3.2M |
| 2023 | 308 | $26.3M | $749,600 | $2.7M |
| 2022 | 306 | $19.5M | $893,696 | $2.4M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $64,816 | — | $64,816 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $7,269 | — | $7,269 |
| TRAVELLER AND COMPANY, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
- TRAVELLER AND COMPANY, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $72,085
- Estimated Expense Ratio: 0.220% 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 | $72,085 | $7,269 | — | — | — |
| 2023 | $68,329 | $10,143 | — | — | — |
| 2022 | $67,057 | $12,368 | — | — | — |