Plan Snapshot
- Plan Sponsor: Encore Bank
- Sponsor EIN: 621700716
- Sponsor Address: 1801 RAHLING RD, LITTLE ROCK, AR, 72223
- Plan Type: 401(k)
- Total Participants: 298
- Total Assets: $14.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 298 | $14.7M | $1.6M | $2.3M |
| 2023 | 324 | $10.6M | $1.4M | $2.2M |
| 2022 | 294 | $5.4M | $1.2M | $1.6M |
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 AND ASSOCIATES | Recordkeeper | $69,492 | — | $69,492 |
| VOYA RETIREMENT ADVISORS, LLC | Other Service Provider | $55,669 | — | $55,669 |
| NOVA 401(K) ASSOCIATES | Recordkeeper | — | $5,873 | $5,873 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RAYMOND JAMES AND ASSOCIATES — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $131,034
- Estimated Expense Ratio: 0.891% 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 | $125,761 | — | $125,761 | — | — |
| 2023 | $84,170 | $84,170 | — | — | — |
| 2022 | $42,787 | $42,787 | — | — | — |