Plan Snapshot
- Plan Sponsor: Eastern Savings Bank
- Sponsor EIN: 520623475
- Sponsor Address: EXECUTIVE PL. 2, 11350 MCCORMICK RO, HUNT VALLEY, MD, 21031
- Plan Type: 401(k)
- Total Participants: 86
- Total Assets: $39.1M
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. |
|---|---|---|---|---|
| 2024 | 86 | $39.1M | $267,726 | $920,775 |
| 2023 | 92 | $35.6M | $227,104 | $845,178 |
| 2022 | 93 | $31.4M | $215,795 | $791,007 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $90,078 | — | $90,078 |
| MERCER INVESTMENTS LLC | Investment Advisor | — | $53,698 | $53,698 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $143,776
- Estimated Expense Ratio: 0.368% 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 | $90,078 | — | $90,078 | — | — |
| 2023 | $83,998 | — | $83,998 | — | — |
| 2022 | $89,453 | — | $89,453 | — | — |