# First Berne Financial Corp 401(k) Plan
Source: https://planprovider.pro/companies/first-berne-financial-corp-401k-plan

> First Berne Financial Corp's 401(k) plan: 111 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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