# Fortifi Bank 401(k) Plan
Source: https://planprovider.pro/companies/fortifi-bank-401k-plan

> Fortifi Bank's 401(k) plan: 93 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

| EMPOWER ANNUITY INSURANCE COMPANY|RECORDKEEPER|$21,889|—|$21,889|

| EMPOWER RETIREMENT ADVISED ASSET GR|RECORD-KEEPER|$19,629|—|$19,629|

| VRAKAS|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [VRAKAS](https://planprovider.pro/provider/vrakas-cpas-advisors) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $41,518

- **Estimated Expense Ratio:** 0.411% 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|$18,989|—|—|—|—|

| 2023|$32,911|$15,404|—|$1,381|—|

| 2022|$61,200|$45,115|$16,085|—|—|

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