Plan Snapshot
- Plan Sponsor: Community National Bank
- Sponsor EIN: 030288082
- Sponsor Address: 4811 US ROUTE 5, NEWPORT, VT, 05855
- Plan Type: 401(k)
- Total Participants: 116
- Total Assets: $37.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 116 | $37.7M | $712,209 | $664,956 |
| 2023 | 114 | $34.3M | $685,326 | $638,858 |
| 2022 | 116 | $30.7M | $642,774 | $600,185 |
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 |
|---|---|---|---|---|
| BERRY, DUNN, MCNEIL & PARKER | 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 | $1,850 | — | — | — | — |
| 2023 | $2,092 | — | — | — | — |
| 2022 | $1,750 | — | $1,750 | — | — |