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

> Forward Bank's 401(k) plan: 218 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/fidelity-investments) — RECORDKEEPER

- [WIPFLI LLP](https://planprovider.pro/provider/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|—|—|—|—|

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