Plan Snapshot
- Plan Sponsor: Community Bancshares, INC.
- Sponsor EIN: 480983971
- Sponsor Address: 210 MAIN STREET, SENECA, KS, 66538
- Plan Type: 401(k)
- Total Participants: 106
- Total Assets: $15.1M
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 | 106 | $15.1M | $257,885 | $660,295 |
| 2023 | 101 | $14.4M | $240,946 | $607,012 |
| 2022 | 97 | $13.3M | $292,582 | $675,713 |
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 |
|---|---|---|---|---|
| INVISOR SOLUTIONS LLC | Recordkeeper | $13,346 | — | $13,346 |
| INVISOR FINANCIAL LLC | Investment Advisor | $12,625 | — | $12,625 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $25,971
- Estimated Expense Ratio: 0.172% 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 | $25,971 | $12,625 | — | — | — |
| 2023 | $30,063 | $15,167 | — | — | — |
| 2022 | $18,329 | $7,485 | $10,844 | — | — |