# First National Bank Of South Miami 401(k) Plan
Source: https://planprovider.pro/companies/first-national-bank-of-south-miami-401k-plan

> First National Bank Of South Miami's 401(k) plan: 0 participants, plan year 2022 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2022.

## 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|—|—|

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