Plan Snapshot
- Plan Sponsor: Kitsap Bank
- Sponsor EIN: 910283150
- Sponsor Address: PO BOX 9, PORT ORCHARD, WA, 98366
- Plan Type: 401(k)
- Total Participants: 258
- Total Assets: $57.3M
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 | 258 | $57.3M | $1.7M | $1.9M |
| 2023 | 262 | $53.2M | $1.7M | $1.9M |
| 2022 | 262 | $45.5M | $2.1M | $1.8M |
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 |
|---|---|---|---|---|
| CLARK NUBER | 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 | $84,857 | $82,098 | — | — | — |
| 2023 | $45,376 | $17,833 | — | $24,600 | — |
| 2022 | $42,015 | $17,663 | — | — | $24,352 |