Plan Snapshot
- Plan Sponsor: First Federal Savings Bank
- Sponsor EIN: 351116773
- Sponsor Address: 301 EAST 9TH STREET, ROCHESTER, IN, 46975
- Plan Type: DB
- Total Participants: 67
- Total Assets: $0
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 | 67 | $0 | $0 | $0 |
| 2023 | 2 | $1.7M | $221,814 | $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 |
|---|---|---|---|---|
| CHARLES SCHWAB TRUST BANK | Recordkeeper | $165,340 | — | $165,340 |
| JLM ACTUARIAL, LLC | Other Service Provider | $120,716 | — | $120,716 |
| ODINGARD CAPITAL MANAGEMENT | Other Service Provider | $90,252 | — | $90,252 |
| MORRIS, MANNING & MARTI, LLP | Other Service Provider | $17,084 | — | $17,084 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CHARLES SCHWAB TRUST BANK — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $393,392
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 | — | — | — | — | — |
| 2023 | $218,524 | $54,876 | — | — | — |