Plan Snapshot
- Plan Sponsor: Nextier Bank, N.A.
- Sponsor EIN: 250660700
- Sponsor Address: 101 E DIAMOND STREET SUITE 110, BUTLER, PA, 16001
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 364
- Total Assets: $31.2M
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. |
|---|---|---|---|---|
| 2025 | 364 | $31.2M | $0 | $0 |
| 2024 | 316 | $27.1M | $459,455 | $1.4M |
| 2023 | 281 | $18.9M | $403,950 | $1.2M |
| 2022 | 278 | $15.8M | $379,637 | $1.1M |
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 |
|---|---|---|---|---|
| STANCORP FINANCIAL GROUP | Other Service Provider | $58,903 | $9 | $58,912 |
| LPL FINANCIAL CORPORATION RPCP | Other Service Provider | $58,641 | — | $58,641 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $117,553
- Estimated Expense Ratio: 0.376% 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 | $1,977,232 | -$3 | $117,571 | — | — |
| 2024 | $104,978 | $53,616 | $51,362 | — | — |
| 2023 | $83,024 | $40,485 | $42,539 | — | — |
| 2022 | $83,793 | — | $83,793 | — | — |