Plan Snapshot
- Plan Sponsor: Home Federal Bank Of Tennessee
- Sponsor EIN: 620239150
- Sponsor Address: 515 MARKET STREET, KNOXVILLE, TN, 37902
- Plan Type: Health & Welfare
- Plan Number: 503
- Total Participants: 264
- Total Assets: $958,840
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 | 264 | $958,840 | $1.8M | $1.3M |
| 2023 | 282 | $1.1M | $2.0M | $1.4M |
| 2022 | 285 | $1.1M | $2.3M | $1.4M |
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 |
|---|---|---|---|---|
| BLUECROSS BLUESHIELD OF TN | Recordkeeper | $157,309 | $8,403 | $165,712 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $165,712
- Estimated Expense Ratio: 17.283% 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 | $155,587 | — | $155,587 | — | — |
| 2023 | $161,829 | — | $161,829 | — | — |
| 2022 | $158,106 | — | $158,106 | — | — |