# North Salem State Bank 401(k) Plan
Source: https://planprovider.pro/companies/north-salem-state-bank-401k-plan

> North Salem State Bank's 401(k) plan: 101 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** North Salem State Bank

- **Sponsor EIN:** 350551480

- **Sponsor Address:** P.O. BOX 97, NORTH SALEM, IN, 46165

- **Plan Type:** 401(k)

- **Total Participants:** 101

- **Total Assets:** $6.5M

## 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|101|$6.5M|$236,367|$432,833|

| 2023|98|$5.7M|$207,228|$352,051|

| 2022|85|$4.5M|$178,058|$322,289|

## 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|

| WIPLFI LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [WIPLFI LLP](https://planprovider.pro/provider/wipfli-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $0

### 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|$11,504|$11,504|—|—|—|

| 2023|$9,559|$9,559|—|—|—|

| 2022|$9,911|$9,911|—|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/north-salem-state-bank-401k-plan)

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