Plan Snapshot
- Plan Sponsor: Manufacturers Bank & Trust Company
- Sponsor EIN: 420627479
- Sponsor Address: 245 E J STREET, FOREST CITY, IA, 504361606
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 165
- Total Assets: $27.7M
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. |
|---|---|---|---|---|
| 2025 | 165 | $27.7M | $0 | $0 |
| 2024 | 122 | $23.9M | $1.1M | $779,313 |
| 2023 | 122 | $22.3M | $1.1M | $822,413 |
| 2022 | 130 | $19.4M | $1.0M | $742,921 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $53,527 | — | $53,527 |
| WELLTH ADVISORY SERVICES, LLC | Investment Advisor | — | $18,490 | $18,490 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $72,017
- Estimated Expense Ratio: 0.260% 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 |
|---|---|---|---|---|---|
| 2025 | $2,556,368 | — | $53,528 | — | — |
| 2024 | $47,480 | — | $47,480 | — | — |
| 2023 | $41,079 | — | $41,079 | — | — |
| 2022 | $39,790 | — | $39,790 | — | — |