Plan Snapshot
- Plan Sponsor: Oxford Bank
- Sponsor EIN: 380901520
- Sponsor Address: 60 SOUTH WASHINGTON, OXFORD, MI, 483710017
- Plan Type: 401(k)
- Total Participants: 140
- Total Assets: $8.5M
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 | 140 | $8.5M | $450,645 | $850,794 |
| 2023 | 123 | $6.6M | $364,844 | $688,172 |
| 2022 | 116 | $5.8M | $288,148 | $546,613 |
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 |
|---|---|---|---|---|
| REHMANN ROBSON LLC | 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 | $39,864 | $16,086 | — | — | — |
| 2023 | $34,473 | $13,204 | — | — | — |
| 2022 | $35,267 | $13,364 | $21,903 | — | — |