Plan Snapshot
- Plan Sponsor: Community Financial Services, INC.
- Sponsor EIN: 611016269
- Sponsor Address: 221 W. 5TH STREET, BENTON, KY, 42025
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 250
- Total Assets: $4.1M
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. |
|---|---|---|---|---|
| 2025 | 250 | $4.1M | $0 | $0 |
| 2024 | 234 | $2.7M | $317,099 | $619,788 |
| 2023 | 251 | $1.6M | $303,559 | $607,709 |
| 2022 | 252 | $471,573 | $0 | $499,226 |
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 INS CO OF AMERICA | Recordkeeper | $11,340 | — | $11,340 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $11,340
- Estimated Expense Ratio: 0.278% 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 |
|---|---|---|---|---|---|
| 2025 | $205,302 | $2,386 | $1,200 | — | — |
| 2024 | $5,013 | $1,713 | $1,400 | — | — |
| 2023 | $2,984 | $649 | $1,250 | — | — |
| 2022 | $733 | $108 | $625 | — | — |