Plan Snapshot
- Plan Sponsor: Emigrant Bank
- Sponsor EIN: 651128000
- Sponsor Address: 201 SOUTH BISCAYNE BOULEVARD, MIAMI, FL, 33131
- Plan Type: DC
- Total Participants: 485
- Total Assets: $162.3M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 485 | $162.3M | $2.5M | $5.8M |
| 2023 | 490 | $147.8M | $2.4M | $5.4M |
| 2022 | 415 | $156.5M | $444,900 | $0 |
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 |
|---|---|---|---|---|
| CERITY PARTNERS RETIREMENT SERVICES | ADVISOR | $140,860 | — | $140,860 |
| NEWPORT GROUP, INC. | RECORDKEEPER | $15,534 | — | $15,534 |
| BAKER TILLY US, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BAKER TILLY US, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $156,394
- Estimated Expense Ratio: 0.096% 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 | $156,394 | $140,860 | $120 | — | — |
| 2023 | $187,100 | $172,290 | $100 | — | — |
| 2022 | — | — | — | — | — |