Plan Snapshot
- Plan Sponsor: Friendship Bancorp, INC.
- Sponsor EIN: 351749607
- Sponsor Address: P.O. BOX 357, FRIENDSHIP, IN, 472010357
- Plan Type: 401(k)
- Total Participants: 101
- Total Assets: $9.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 101 | $9.6M | $162,446 | $485,581 |
| 2023 | 96 | $8.6M | $161,816 | $526,398 |
| 2022 | 103 | $7.4M | $172,657 | $524,476 |
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 |
|---|---|---|---|---|
| JOHN HANCOCK LIFE INSURANCE COMPANY | Recordkeeper | $30,331 | — | $30,331 |
| 9258 WEALTH MANAGEMENT, LLC | Investment Advisor | $19,649 | — | $19,649 |
| WAVERLY ADVISORS, LLC | Investment Advisor | $6,991 | — | $6,991 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK LIFE INSURANCE COMPANY — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $56,971
- Estimated Expense Ratio: 0.596% 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 | $56,971 | $26,640 | $27,756 | — | — |
| 2023 | $51,531 | $22,937 | $3,000 | — | — |
| 2022 | $49,432 | $22,090 | $25,467 | — | $1,875 |