Plan Snapshot
- Plan Sponsor: Fulton Financial Corporation
- Sponsor EIN: 232195389
- Sponsor Address: P. O. BOX 7989, LANCASTER, PA, 17604
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 4,324
- Total Assets: $639.8M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 4,324 | $639.8M | $0 | $0 |
| 2024 | 3,364 | $569.1M | $13.7M | $24.2M |
| 2023 | 3,423 | $505.2M | $11.8M | $21.7M |
| 2022 | 3,325 | $431.8M | $10.9M | $20.1M |
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 |
|---|---|---|---|---|
| FULTON BANK, N.A. | Other Service Provider | $69,281 | — | $69,281 |
| BDO USA, LLP | Other Service Provider | $37,704 | — | $37,704 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $106,985
- Estimated Expense Ratio: 0.017% 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 |
|---|---|---|---|---|---|
| 2025 | $51,923,821 | $213,085 | — | — | — |
| 2024 | $231,383 | — | — | $35,215 | — |
| 2023 | $61,243 | — | — | $31,892 | — |
| 2022 | $196,430 | — | — | — | — |