Plan Snapshot
- Plan Sponsor: Oneunited Bank
- Sponsor EIN: 042764211
- Sponsor Address: 201 DEVONSHIRE ST STE 600, BOSTON, MA, 021101444
- Plan Type: 401(k)
- Total Participants: 115
- Total Assets: $12.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 115 | $12.4M | $226,109 | $586,224 |
| 2023 | 103 | $10.9M | $202,312 | $517,588 |
| 2022 | 102 | $9.5M | $191,069 | $468,253 |
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 |
|---|---|---|---|---|
| CROWE LLP | Auditor | — | — | $0 |
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 | $6,032 | — | $6,032 | — | — |
| 2023 | $6,937 | — | $6,937 | — | — |
| 2022 | $5,852 | — | $5,852 | — | — |