Plan Snapshot
- Plan Sponsor: Orrstown Bank
- Sponsor EIN: 230934350
- Sponsor Address: 2695 PHILADELPHIA AVENUE, CHAMBERSBURG, PA, 17201
- Plan Type: 401(k)
- Total Participants: 625
- Total Assets: $51.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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. |
|---|---|---|---|---|
| 2024 | 625 | $51.7M | $1.2M | $3.5M |
| 2023 | 448 | $34.8M | $882,184 | $2.5M |
| 2022 | 428 | $31.0M | $780,225 | $2.4M |
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 |
|---|---|---|---|---|
| LIFESTYLE RETIREMENT COMPANY | THIRD PARTY ADMINISTRATO | — | $19,177 | $19,177 |
| VOYA RETIREMENT INSUR & ANNUITY | RECORDKEEPER | $14,955 | — | $14,955 |
| MORNINGSTAR | SERVICE PROVIDER | — | $6,339 | $6,339 |
| RKL LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORNINGSTAR — SERVICE PROVIDER
- RKL LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $40,471
- Estimated Expense Ratio: 0.078% 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 | $18,086 | $1,976 | $14,955 | — | — |
| 2023 | $47,317 | $1,438 | $7,860 | — | — |
| 2022 | $19,732 | — | — | — | — |