Plan Snapshot
- Plan Sponsor: Hebron Savings Bank
- Sponsor EIN: 520348540
- Sponsor Address: 101 NORTH MAIN STREET, HEBRON, MD, 21830
- Plan Type: 401(k)
- Total Participants: 132
- Total Assets: $10.6M
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 | 132 | $10.6M | $330,590 | $496,339 |
| 2023 | 124 | $11.5M | $271,313 | $409,036 |
| 2022 | 108 | $10.5M | $259,162 | $406,533 |
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 ADVISOR NETWORKS LLC | Investment Advisor | — | $17,153 | $17,153 |
| NATIONWIDE | Recordkeeper | $14,091 | — | $14,091 |
| JAMES A. REICHERT | Investment Advisor | $7,155 | — | $7,155 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NATIONWIDE — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $38,399
- Estimated Expense Ratio: 0.362% 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 | $26,713 | $7,157 | — | — | — |
| 2023 | $56,686 | — | $56,686 | — | — |
| 2022 | $54,156 | — | $54,156 | — | — |