Plan Snapshot
- Plan Sponsor: Fortifi Bank
- Sponsor EIN: 390280510
- Sponsor Address: PO BOX 310 140 W HURON STREET, BERLIN, WI, 54923
- Plan Type: 401(k)
- Total Participants: 93
- Total Assets: $10.1M
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 | 93 | $10.1M | $245,168 | $611,887 |
| 2023 | 88 | $8.7M | $243,529 | $611,144 |
| 2022 | 95 | $6.8M | $221,737 | $563,818 |
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 |
|---|---|---|---|---|
| VRAKAS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- VRAKAS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $18,989 | — | — | — | — |
| 2023 | $32,911 | $15,404 | — | $1,381 | — |
| 2022 | $61,200 | $45,115 | $16,085 | — | — |