# Devon Bank 401(k) Plan
Source: https://planprovider.pro/companies/devon-bank-401k-plan

> Devon Bank's 401(k) plan: 124 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Devon Bank

- **Sponsor EIN:** 362030168

- **Sponsor Address:** 6445 N. WESTERN AVENUE, CHICAGO, IL, 60645

- **Plan Type:** 401(k)

- **Total Participants:** 124

- **Total Assets:** $18.8M

## 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|124|$18.8M|$360,790|$786,431|

| 2023|125|$17.9M|$378,812|$885,922|

| 2022|127|$15.0M|$375,673|$832,721|

## 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|

| VOYA RETIREMENT INSURANCE & ANNUITY|SERVICE PROVIDER|$55,621|—|$55,621|

| LPL FINANCIAL CORPORATION|BROKER/DEALER|—|$43,266|$43,266|

| CROWE|Auditor|—|—|$0|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $98,887

- **Estimated Expense Ratio:** 0.526% 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|$56,515|$1,195|$54,870|—|—|

| 2023|$50,755|$2,717|$47,438|—|—|

| 2022|$50,859|—|—|—|—|

## Similar Plans

- [First Secure Community Bank](https://planprovider.pro/companies/first-secure-community-bank-401k-plan) — 123 participants

- [First Illinois Bancorp., INC.](https://planprovider.pro/companies/first-illinois-bancorp-inc-401k-plan) — 123 participants

- [First National Bank Of South Miami](https://planprovider.pro/companies/first-national-bank-of-south-miami-401k-plan) — 120 participants

- [Flanagan State Bank](https://planprovider.pro/companies/flanagan-state-bank-401k-plan) — 118 participants

- [Amalgamated Bank Of Chicago](https://planprovider.pro/companies/amalgamated-bank-of-chicago-401k-plan) — 130 participants

- [Midamerica National Bank](https://planprovider.pro/companies/midamerica-national-bank-401k-plan) — 118 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/devon-bank-401k-plan)

© 2026 PlanProvider.Pro