Plan Snapshot
- Plan Sponsor: Midamerica National Bank
- Sponsor EIN: 370435170
- Sponsor Address: 100 WEST ELM STREET, CANTON, IL, 61520
- Plan Type: 401(k)
- Total Participants: 118
- Total Assets: $19.8M
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 | 118 | $19.8M | $393,617 | $638,512 |
| 2023 | 119 | $18.7M | $366,468 | $630,687 |
| 2022 | 122 | $18.0M | $351,252 | $570,053 |
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 |
|---|---|---|---|---|
| VANGUARD ASCENSUS | SERVICE PROVIDER | $10,503 | — | $10,503 |
| LEE CPA AUDIT GROUP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LEE CPA AUDIT GROUP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $10,503
- Estimated Expense Ratio: 0.053% 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 | $12,453 | — | $1,950 | — | — |
| 2023 | $12,423 | — | $12,423 | — | — |
| 2022 | $12,565 | — | $12,565 | — | — |