# Georgia Bankers Association 401(k) Plan
Source: https://planprovider.pro/companies/georgia-bankers-association-580254910-506

> Georgia Bankers Association's 401(k) plan: 11,398 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Georgia Bankers Association

- **Sponsor EIN:** 580254910

- **Sponsor Address:** 1475 PEACHTREE ST, NE, ATLANTA, GA, 30309

- **Plan Type:** 401(k)

- **Plan Number:** 506

- **Total Participants:** 11,398

- **Total Assets:** $84.8M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **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|11,398|$84.8M|$112.3M|$0|

| 2023|7,291|$78.1M|$107.5M|$0|

| 2022|7,355|$66.9M|$100.9M|$0|

## 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|

| PARAGON BENEFITS, INC.|Recordkeeper|$3,105,084|—|$3,105,084|

| BLUE CROSS BLUE SHIELD HEALTHCARE|Investment Advisor|$2,635,465|—|$2,635,465|

| GEORGIA BANKERS ASSOCIATION, INC.|Other Service Provider|$1,015,923|—|$1,015,923|

| POINTENORTH INSURANCE GROUP, LLC|Insurance Carrier|$342,792|—|$342,792|

| SENTRYHEALTH (F/K/A WELLVIEW)|Other Service Provider|$321,273|—|$321,273|

| CARE2025, LLC|Other Service Provider|$310,375|—|$310,375|

| LIFE2, INC.|Other Service Provider|$300,000|—|$300,000|

| MOORE COLSON & COMPANY PC|Other Service Provider|$261,288|—|$261,288|

| TESSA NOLAN|Other Service Provider|$228,622|—|$228,622|

| BNY MELLON WEALTH MANAGEMENT|Investment Advisor|—|$207,968|$207,968|

| KERI BROOKS|Other Service Provider|$198,847|—|$198,847|

| MARY K WREN|Other Service Provider|$141,071|—|$141,071|

| MICHEAL COFIELD|Other Service Provider|$128,219|—|$128,219|

### Verified Provider Profiles

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

- [BLUE CROSS BLUE SHIELD HEALTHCARE](https://planprovider.pro/provider/marsh-mclennan-agency) — Investment Advisor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $9,196,927

- **Estimated Expense Ratio:** 10.846% 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|$5,483,702|$207,956|$3,105,084|—|—|

| 2023|$4,979,837|$145,165|$3,105,866|—|—|

| 2022|$5,074,945|$221,809|$2,341,174|—|$920,322|

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