Plan Snapshot
- Plan Sponsor: Marion County State Bank
- Sponsor EIN: 420395450
- Sponsor Address: P.O. BOX 105, PELLA, IA, 502190105
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 88
- Total Assets: $20.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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. |
|---|---|---|---|---|
| 2025 | 88 | $20.4M | $0 | $0 |
| 2024 | 58 | $19.7M | $281,830 | $465,158 |
| 2023 | 62 | $20.3M | $291,355 | $521,353 |
| 2022 | 60 | $18.6M | $281,769 | $525,801 |
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 |
|---|---|---|---|---|
| NATIONWIDE | Insurance Carrier | $25,550 | — | $25,550 |
| INDEPENDENT FINANCIAL PARTNERS | Investment Advisor | $14,959 | — | $14,959 |
| BLUE RIDGE ESOP ASSOCIATES | Recordkeeper | — | $5,110 | $5,110 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $45,619
- Estimated Expense Ratio: 0.224% 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 | $2,298,544 | — | — | — | — |
| 2024 | $3,373,494 | — | — | — | — |
| 2023 | $779,320 | — | — | — | — |
| 2022 | $1,364,358 | — | — | — | — |