Plan Snapshot
- Plan Sponsor: Mid Penn Bank
- Sponsor EIN: 230880270
- Sponsor Address: 349 UNION STREET, MILLERSBURG, PA, 170611611
- Plan Type: 401(k)
- Total Participants: 605
- Total Assets: $51.9M
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 | 605 | $51.9M | $1.8M | $3.1M |
| 2023 | 629 | $44.8M | $1.7M | $3.1M |
| 2022 | 549 | $37.9M | $1.4M | $2.7M |
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 |
|---|---|---|---|---|
| PA RETIREMENT SOLUTIONS, INC. | THIRD-PARTY ADMIN | — | $23,184 | $23,184 |
| VOYA RETIREMENT ADVISORS, LLC | SERVICE PROVIDER | $16,893 | — | $16,893 |
| MORNINGSTAR | SERVICE PROVIDER | — | $7,210 | $7,210 |
| RSM US LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORNINGSTAR — SERVICE PROVIDER
- RSM US LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $47,287
- Estimated Expense Ratio: 0.091% 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 | $50,384 | $17,158 | $33,226 | — | — |
| 2023 | $50,539 | $19,493 | $31,046 | — | — |
| 2022 | $50,127 | — | $50,127 | — | — |