Plan Snapshot
- Plan Sponsor: Consumers National Bank
- Sponsor EIN: 341794667
- Sponsor Address: 614 E. LINCOLN WAY, MINERVA, OH, 44657
- Plan Type: 401(k)
- Total Participants: 184
- Total Assets: $13.2M
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 | 184 | $13.2M | $417,785 | $716,934 |
| 2023 | 194 | $11.3M | $400,021 | $769,303 |
| 2022 | 180 | $9.7M | $378,704 | $754,554 |
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 |
|---|---|---|---|---|
| RAYMOND JAMES FINANCIAL SERVICES | Investment Advisor | $30,326 | — | $30,326 |
| ADMIN. GROUP, LLC DBA TAG RESOURCES | Recordkeeper | $26,313 | — | $26,313 |
| TRANSAMERICA FINANCIAL LIFE INS | Recordkeeper | $12,589 | — | $12,589 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RAYMOND JAMES FINANCIAL SERVICES — Investment Advisor
- ADMIN. GROUP, LLC DBA TAG RESOURCES — Recordkeeper
- TRANSAMERICA FINANCIAL LIFE INS — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $69,228
- Estimated Expense Ratio: 0.523% 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 | $69,228 | $30,326 | — | — | — |
| 2023 | $65,358 | $6,148 | — | — | — |
| 2022 | $66,044 | $24,899 | $34,895 | — | $6,250 |