Plan Snapshot
- Plan Sponsor: First Berne Financial Corp
- Sponsor EIN: 351625680
- Sponsor Address: 222 HERITAGE TRAIL, BERNE, IN, 467112500
- Plan Type: 401(k)
- Total Participants: 111
- Total Assets: $31.6M
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 | 111 | $31.6M | $482,628 | $538,989 |
| 2023 | 112 | $27.4M | $403,546 | $578,693 |
| 2022 | 118 | $26.7M | $278,920 | $551,785 |
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 |
|---|---|---|---|---|
| PLANTE AND MORAN PLLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $36,726 | — | $36,726 | — | — |
| 2023 | $36,342 | — | $36,342 | — | — |
| 2022 | $35,256 | — | $35,256 | — | — |