Plan Snapshot
- Plan Sponsor: German American Bancorp, INC.
- Sponsor EIN: 351547518
- Sponsor Address: P.O. BOX 810, JASPER, IN, 47547
- Plan Type: 401(k)
- Total Participants: 842
- Total Assets: $120.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 842 | $120.9M | $2.3M | $5.5M |
| 2023 | 886 | $107.7M | $2.2M | $5.4M |
| 2022 | 0 | $11.7M | $0 | $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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $35,685 | — | $35,685 |
| HARDING, SHYMANSKI AND COMPANY, P.S | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- HARDING, SHYMANSKI AND COMPANY, P.S — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $35,685
- Estimated Expense Ratio: 0.030% 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 | $33,518 | — | — | — | — |
| 2023 | $34,008 | — | — | — | — |
| 2022 | $65,842 | — | $65,842 | — | — |