# Liberty Bank DB Plan
Source: https://planprovider.pro/companies/liberty-bank-plan-001

> Liberty Bank's DB plan: 736 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Liberty Bank

- **Sponsor EIN:** 060452570

- **Sponsor Address:** 245 LONG HILL ROAD, MIDDLETOWN, CT, 06457

- **Plan Type:** DB

- **Total Participants:** 736

- **Total Assets:** $148.9M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|736|$148.9M|$6.0M|$0|

| 2023|639|$145.8M|$5.0M|$0|

| 2022|563|$131.5M|$7.0M|$0|

## 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|

| GRANT THORNTON|Auditor|$32,000|—|$32,000|

### Verified Provider Profiles

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

- [GRANT THORNTON](https://planprovider.pro/provider/grant-thornton-llp) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $32,000

- **Estimated Expense Ratio:** 0.021% 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|$478,515|$181,700|—|$32,000|—|

| 2023|$465,893|$175,725|—|$57,500|—|

| 2022|$414,461|$167,000|—|—|$138,253|

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