Plan Snapshot
- Plan Sponsor: Home Federal Bank
- Sponsor EIN: 720214680
- Sponsor Address: 222 FLORIDA STREET, SHREVEPORT, LA, 71105
- Plan Type: 401(k)
- Total Participants: 71
- Total Assets: $11.1M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 71 | $11.1M | $312,524 | $400,730 |
| 2023 | 74 | $10.7M | $318,949 | $476,048 |
| 2022 | 67 | $9.9M | $260,097 | $426,246 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INS CO OF AM | Recordkeeper | $23,895 | — | $23,895 |
| PENTEGRA SERVICES INC | Other Service Provider | $14,055 | — | $14,055 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $37,950
- Estimated Expense Ratio: 0.342% 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 | $1,044,988 | — | $38,500 | — | — |
| 2023 | $854,649 | — | $25,918 | — | — |
| 2022 | $775,546 | — | $33,541 | — | — |