Plan Snapshot
- Plan Sponsor: Home Federal Savings Bank
- Sponsor EIN: 410318319
- Sponsor Address: 1016 CIVIC CENTER DRIVE NW, ROCHESTER, MN, 55901
- Plan Type: 401(k)
- Total Participants: 30
- Total Assets: $33.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 30 | $33.3M | $192,976 | $1.1M |
| 2023 | 168 | $30.7M | $225,254 | $1.4M |
| 2022 | 174 | $25.5M | $241,081 | $1.3M |
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 |
|---|---|---|---|---|
| EIDE BAILLY LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EIDE BAILLY LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $65,861 | $23,705 | — | — | — |
| 2023 | $69,590 | $32,111 | — | — | — |
| 2022 | $77,168 | $31,094 | — | — | $46,074 |