Plan Snapshot
- Plan Sponsor: First Northern Bank & Trust Co.
- Sponsor EIN: 240579220
- Sponsor Address: FOURTH STREET LAFAYETTE AVE, PALMERTON, PA, 18071
- Plan Type: 401(k)
- Total Participants: 130
- Total Assets: $19.4M
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. |
|---|---|---|---|---|
| 2024 | 130 | $19.4M | $176,466 | $410,637 |
| 2023 | 108 | $20.2M | $179,311 | $435,977 |
| 2022 | 112 | $18.9M | $182,165 | $444,047 |
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 |
|---|---|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH | CONSULTANT | $53,579 | $824 | $54,403 |
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $25,162 | — | $25,162 |
| DUNBAR BENDER & ZAPF INC | CONTRACT ADMINISTRATOR | $4,600 | $9,567 | $14,167 |
| ROBERT ROSSI & CO. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DUNBAR BENDER & ZAPF INC — CONTRACT ADMINISTRATOR
- ROBERT ROSSI & CO. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $93,732
- Estimated Expense Ratio: 0.482% 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 | $83,341 | $53,579 | $29,762 | — | — |
| 2023 | $63,263 | — | $63,263 | — | — |
| 2022 | $99,564 | $75,582 | $23,982 | — | — |