Plan Snapshot
- Plan Sponsor: Hebron Savings Bank
- Sponsor EIN: 520348540
- Sponsor Address: 101 NORTH MAIN STREET, HEBRON, MD, 21830
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 156
- Total Assets: $12.7M
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. |
|---|---|---|---|---|
| 2025 | 156 | $12.7M | $0 | $0 |
| 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 |
|---|---|---|---|---|
| JAMES A. REICHERT | Investment Advisor | $32,447 | — | $32,447 |
| ADP, INC. | Recordkeeper | $23,235 | — | $23,235 |
| PENTEGRA RETIREMENT SERVICES, INC | Recordkeeper | $5,591 | — | $5,591 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $61,273
- Estimated Expense Ratio: 0.483% 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 | $512,831 | $32,447 | $5,591 | — | — |
| 2024 | $26,713 | $7,157 | — | — | — |
| 2023 | $56,686 | — | $56,686 | — | — |
| 2022 | $54,156 | — | $54,156 | — | — |