# Northpointe Bank 401(k) Plan
Source: https://planprovider.pro/companies/northpointe-bank-401k-plan

> Northpointe Bank's 401(k) plan: 476 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Northpointe Bank

- **Sponsor EIN:** 383448372

- **Sponsor Address:** 3333 DEPOSIT DRIVE NE, GRAND RAPIDS, MI, 495461429

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

- **Total Participants:** 476

- **Total Assets:** $61.3M

## 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:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|476|$61.3M|$694,672|$3.2M|

| 2023|636|$63.5M|$2.2M|$4.7M|

| 2022|935|$59.7M|$2.8M|$6.9M|

## 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|

| EMPOWER ANNUITY INSURANCE COMPANY|RECORDKEEPER|$143,655|—|$143,655|

| PENTEGRA SERVICES INC.|CONTRACT ADMIN|$108,120|—|$108,120|

| PLANTE & MORAN, PLLC|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [PLANTE & MORAN, PLLC](https://planprovider.pro/provider/plante-and-moran-pllc) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $251,775

- **Estimated Expense Ratio:** 0.411% 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|$266,131|—|$108,120|—|—|

| 2023|$313,370|—|—|—|—|

| 2022|$304,107|—|—|—|$304,107|

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