Plan Snapshot
- Plan Sponsor: Ohnward Bancshares, INC.
- Sponsor EIN: 420933516
- Sponsor Address: 107 E. QUARRY ST, MAQUOKETA, IA, 52060
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 325
- Total Assets: $43.8M
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. |
|---|---|---|---|---|
| 2025 | 325 | $43.8M | $0 | $0 |
| 2024 | 250 | $39.7M | $1.2M | $1.4M |
| 2023 | 249 | $35.7M | $1.2M | $1.4M |
| 2022 | 248 | $29.1M | $1.1M | $1.3M |
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 |
|---|---|---|---|---|
| JULY BUSINESS SERVICES LLC | Recordkeeper | $77,908 | — | $77,908 |
| HTLF RETIREMENT PLAN SERVICES | Investment Advisor | $64,230 | — | $64,230 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $142,138
- Estimated Expense Ratio: 0.325% 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 | $4,709,458 | $81,289 | $9,481 | $12,075 | — |
| 2024 | $136,449 | $77,919 | $12,481 | — | — |
| 2023 | $120,643 | — | $120,436 | — | — |
| 2022 | $105,203 | — | — | — | $105,203 |