Plan Snapshot
- Plan Sponsor: National Consumer Cooperative Bank
- Sponsor EIN: 521157795
- Sponsor Address: 2011 CRYSTAL DRIVE, ARLINGTON, VA, 22202
- Plan Type: 401(k)
- Total Participants: 343
- Total Assets: $156.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 343 | $156.1M | $3.4M | $3.6M |
| 2023 | 327 | $135.7M | $2.7M | $3.7M |
| 2022 | 337 | $115.2M | $3.3M | $3.5M |
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 |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | ADVISOR | $46,192 | — | $46,192 |
| 401K ADVISORS INC. | PLAN ADMINISTRATOR | $43,500 | — | $43,500 |
| COUNCILOR, BUCHANAN & MITCHELL, P. | PLAN ADMINISTRATOR | $32,000 | — | $32,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — ADVISOR
- 401K ADVISORS INC. — PLAN ADMINISTRATOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $121,692
- Estimated Expense Ratio: 0.078% 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 | $58,684 | $46,192 | — | $32,000 | — |
| 2023 | $55,869 | $43,223 | — | — | — |
| 2022 | $29,540 | $38,837 | — | — | — |