Plan Snapshot
- Plan Sponsor: Centreville Savings Bank
- Sponsor EIN: 050118560
- Sponsor Address: 1218 MAIN STREET, WEST WARWICK, RI, 02893
- Plan Type: 401(k)
- Total Participants: 248
- Total Assets: $31.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 248 | $31.9M | $2.9M | $1.7M |
| 2023 | 252 | $25.6M | $2.6M | $1.5M |
| 2022 | 224 | $19.3M | $2.0M | $1.3M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $85,412 | — | $85,412 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $31,177 | — | $31,177 |
| THE ANGELL PENSION GROUP, INC. | Other Service Provider | $750 | $10,000 | $10,750 |
| GLOBAL RETIREMENT PARTNERS LLC | Investment Advisor | $7,500 | — | $7,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $134,839
- Estimated Expense Ratio: 0.422% 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 | $130,664 | $7,500 | $123,164 | — | — |
| 2023 | $115,170 | $39,467 | $1,856 | — | — |
| 2022 | $110,952 | — | — | — | — |