Plan Snapshot
- Plan Sponsor: First American Bank Corporation
- Sponsor EIN: 362782306
- Sponsor Address: 700 BUSSE ROAD, ELK GROVE VILLAGE, IL, 600072137
- Plan Type: DC
- Total Participants: 795
- Total Assets: $89.5M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 795 | $89.5M | $3.3M | $0 |
| 2023 | 763 | $67.8M | $3.1M | $0 |
| 2022 | 716 | $51.1M | $2.9M | $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 |
|---|---|---|---|---|
| FIRST AMERICAN BANK | DIVISION OF SPONSOR | $5,185 | — | $5,185 |
| LEGACY PROFESSIONALS LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LEGACY PROFESSIONALS LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $5,185
- Estimated Expense Ratio: 0.006% 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 | $5,185 | — | — | — | — |
| 2023 | $7,565 | $7,565 | — | — | — |
| 2022 | $5,865 | $5,865 | — | — | — |