# International Finance Bank 401(k) Plan
Source: https://planprovider.pro/companies/international-finance-bank-401k-plan

> International Finance Bank's 401(k) plan: 103 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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