# Home Federal Bank Of Tennessee Health & Welfare Plan
Source: https://planprovider.pro/companies/home-federal-bank-of-tennessee-620239150-503

> Home Federal Bank Of Tennessee's Health & Welfare plan: 264 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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