Plan Snapshot
- Plan Sponsor: Charter West Bank
- Sponsor EIN: 470679592
- Sponsor Address: 201 S MAIN, WEST POINT, NE, 687881834
- Plan Type: 401(k)
- Total Participants: 143
- Total Assets: $15.7M
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 | 143 | $15.7M | $264,000 | $960,037 |
| 2023 | 135 | $13.8M | $217,726 | $817,002 |
| 2022 | 144 | $11.5M | $76,483 | $912,356 |
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 |
|---|---|---|---|---|
| GRAFTON & ASSOCIATES, P.C. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $6,040 | $5,625 | — | — | — |
| 2023 | $4,303 | $3,868 | — | — | — |
| 2022 | $4,218 | $4,218 | — | — | — |