# Leader Bank 401(k) Plan
Source: https://planprovider.pro/companies/leader-bank-401k-plan

> Leader Bank's 401(k) plan: 419 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Leader Bank

- **Sponsor EIN:** 043557920

- **Sponsor Address:** 180 MASSACHUSETTS AVENUE, ARLINGTON, MA, 02474

- **Plan Type:** 401(k)

- **Total Participants:** 419

- **Total Assets:** $62.6M

## 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|419|$62.6M|$642,131|$3.8M|

| 2023|372|$47.8M|$594,947|$3.4M|

| 2022|377|$37.3M|$634,597|$3.5M|

## 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|

| STRATEGIC ADVISORS, INC.|ADVISOR|$27,142|—|$27,142|

| LION STREET ADVISORS, LLC|CONSULTANT|$24,745|—|$24,745|

| CBIZ CPAS P.C.|ACCOUNTANT/AUDITOR|$16,000|—|$16,000|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [STRATEGIC ADVISORS, INC.](https://planprovider.pro/provider/creative-planning) — ADVISOR

- [LION STREET ADVISORS, LLC](https://planprovider.pro/provider/lion-street) — CONSULTANT

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $67,887

- **Estimated Expense Ratio:** 0.108% 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|-$8,180|$27,142|—|$16,000|—|

| 2023|$7,410|$26,661|—|$13,500|—|

| 2022|-$5,272|$17,233|—|—|—|

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