Plan Snapshot
- Plan Sponsor: Forward Bank
- Sponsor EIN: 390452950
- Sponsor Address: 1001 NORTH CENTRAL AVENUE, MARSHFIELD, WI, 54449
- Plan Type: 401(k)
- Total Participants: 218
- Total Assets: $23.1M
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 | 218 | $23.1M | $1.2M | $1.3M |
| 2023 | 189 | $19.0M | $738,583 | $1.2M |
| 2022 | 165 | $15.2M | $905,098 | $1.0M |
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 |
|---|---|---|---|---|
| CETERA INVESTMENT ADVISORS LLC | ADVISOR | $37,934 | — | $37,934 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $37,369 | — | $37,369 |
| WIPFLI LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- WIPFLI LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $75,303
- Estimated Expense Ratio: 0.326% 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 | $75,303 | $37,934 | — | — | — |
| 2023 | $67,911 | $30,961 | — | — | — |
| 2022 | $65,938 | — | — | — | — |