Plan Snapshot
- Plan Sponsor: Northwest Bank
- Sponsor EIN: 232790930
- Sponsor Address: 100 LIBERTY STREET, WARREN, PA, 16365
- Plan Type: 401(k)
- Total Participants: 2,032
- Total Assets: $259.4M
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 | 2,032 | $259.4M | $4.7M | $10.3M |
| 2023 | 2,124 | $248.5M | $4.5M | $9.6M |
| 2022 | 2,207 | $243.1M | $4.0M | $9.5M |
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 |
|---|---|---|---|---|
| NORTHWEST BANK | NONE | $133,481 | — | $133,481 |
| EPIC RETIREMENT PLAN SERVICES | NONE | $120,577 | — | $120,577 |
| FREED MAXICK, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $254,058
- Estimated Expense Ratio: 0.098% 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 | $254,058 | — | — | — | — |
| 2023 | $234,263 | — | — | — | — |
| 2022 | $242,828 | — | — | — | — |