Plan Snapshot
- Plan Sponsor: International Finance Bank
- Sponsor EIN: 853345810
- Sponsor Address: 777 SW 37TH AVENUE, MIAMI, FL, 33135
- Plan Type: 401(k)
- Total Participants: 103
- Total Assets: $5.2M
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. |
|---|---|---|---|---|
| 2024 | 103 | $5.2M | $270,531 | $560,385 |
| 2023 | 98 | $4.6M | $308,552 | $527,179 |
| 2022 | 101 | $4.2M | $256,641 | $485,260 |
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 |
|---|---|---|---|---|
| PAAST, P.L. | Auditor | — | — | $0 |
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 | $12,604 | $9,822 | $250 | — | — |
| 2023 | $11,458 | $8,414 | $2,794 | — | — |
| 2022 | $12,107 | $9,210 | $2,897 | — | — |