Plan Snapshot
- Plan Sponsor: Orion Bancorporation, INC.
- Sponsor EIN: 363275237
- Sponsor Address: 1114 FOURTH STREET, ORION, IL, 61273
- Plan Type: 401(k)
- Total Participants: 82
- Total Assets: $10.9M
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 | 82 | $10.9M | $484,585 | $486,565 |
| 2023 | 90 | $10.0M | $452,829 | $479,927 |
| 2022 | 83 | $8.6M | $417,471 | $460,990 |
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 |
|---|---|---|---|---|
| SPECTRUM INVESTMENT ADVISORS INC | INVESTMENT ADVISOR | $31,532 | — | $31,532 |
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $8,993 | — | $8,993 |
| WIPFLI | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WIPFLI — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $40,525
- Estimated Expense Ratio: 0.372% 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 | $40,525 | $31,532 | — | — | — |
| 2023 | $35,662 | $27,176 | — | — | — |
| 2022 | $32,766 | $25,942 | $6,824 | — | — |