Plan Snapshot
- Plan Sponsor: Community Heritage Financial
- Sponsor EIN: 831950225
- Sponsor Address: 24 W. MAIN STREET P.O. BOX 75, MIDDLETOWN, MD, 217690075
- Plan Type: 401(k)
- Total Participants: 173
- Total Assets: $10.3M
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 | 173 | $10.3M | $281,464 | $784,716 |
| 2023 | 156 | $9.0M | $278,418 | $773,940 |
| 2022 | 160 | $6.9M | $237,310 | $679,298 |
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 |
|---|---|---|---|---|
| MML INVESTORS SERVICES LLC | Investment Advisor | $29,251 | — | $29,251 |
| EMPOWER ANNUITY INSURANCE CO. OF AM | Recordkeeper | $20,669 | — | $20,669 |
| TRIBRIGE PARTNERS FINANCIAL LLC | Investment Advisor | $17,559 | — | $17,559 |
| TIGER'S EYE BENEFITS CONSULTING | Other Service Provider | $11,190 | — | $11,190 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $78,669
- Estimated Expense Ratio: 0.761% 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 | $80,707 | $48,848 | $11,190 | — | — |
| 2023 | $58,546 | $31,701 | $9,970 | — | — |
| 2022 | $51,232 | — | $51,232 | — | — |