Plan Snapshot
- Plan Sponsor: Journey Bank
- Sponsor EIN: 240528723
- Sponsor Address: PO BOX 240, BLOOMSBURG, PA, 17815
- Plan Type: 401(k)
- Total Participants: 264
- Total Assets: $18.5M
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 | 264 | $18.5M | $678,204 | $913,980 |
| 2023 | 276 | $15.8M | $296,013 | $536,158 |
| 2022 | 168 | $15.3M | $260,568 | $464,258 |
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. | RECORDKEEPER | $18,692 | — | $18,692 |
| CAMBRIDGE INVESTMENT RESEARCH INC. | INVESTMENT ADVISOR | $14,722 | — | $14,722 |
| LARSON, KELLETT & ASSOC., P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LARSON, KELLETT & ASSOC., P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $33,414
- Estimated Expense Ratio: 0.180% 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 | $39,030 | $17,381 | $2,558 | — | — |
| 2023 | $19,615 | $1,000 | $1,588 | — | — |
| 2022 | $19,706 | — | — | — | — |