Plan Snapshot
- Plan Sponsor: First National Bank Of South Miami
- Sponsor EIN: 590675658
- Sponsor Address: 680 N LAKE SHORE DRIVE 19TH FLOOR, CHICAGO, IL, 60611
- Plan Type: 401(k)
- Total Participants: 0
- Total Assets: $0
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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. |
|---|---|---|---|---|
| 2023 | 0 | $0 | $211,164 | $425,386 |
| 2022 | 120 | $12.5M | $278,133 | $643,292 |
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 |
|---|---|---|---|---|
| RESOURCES INVESTMENT ADVISORS LLC | INVESTMENT ADVISOR | $7,215 | — | $7,215 |
| MASSMUTUAL LIFE INSURANCE COMPANY | SERVICE PROVIDER | $6,552 | — | $6,552 |
| PAAST, P.L. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $13,767
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 |
|---|---|---|---|---|---|
| 2023 | $18,672 | — | — | — | — |
| 2022 | $15,375 | $7,215 | $8,160 | — | — |