Plan Snapshot
- Plan Sponsor: Essa Bank & Trust
- Sponsor EIN: 240568185
- Sponsor Address: 200 PALMER STREET, STROUDSBURG, PA, 18360
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 0
- Total Assets: $0
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. |
|---|---|---|---|---|
| 2025 | 0 | $0 | $0 | $0 |
| 2024 | 223 | $23.1M | $558,035 | $1.2M |
| 2023 | 235 | $21.1M | $521,351 | $1.1M |
| 2022 | 237 | $20.2M | $504,035 | $1.2M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE CO OF AME | Recordkeeper | $38,703 | — | $38,703 |
| LPL FINANCIAL CORPORATION | Investment Advisor | $24,973 | — | $24,973 |
| MID-ATLANTIC PENSION SPECIALISTS IN | Other Service Provider | $10,937 | — | $10,937 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $5,276 | — | $5,276 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $79,889
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 |
|---|---|---|---|---|---|
| 2025 | $26,574,113 | $29,696 | $17,519 | — | — |
| 2024 | $76,150 | $30,249 | $7,198 | — | — |
| 2023 | $71,759 | $28,722 | $43,037 | — | — |
| 2022 | $76,969 | — | $76,969 | — | — |