Plan Snapshot
- Plan Sponsor: Park Bank
- Sponsor EIN: 391076859
- Sponsor Address: P.O. BOX 8969, MADISON, WI, 537138969
- Plan Type: 401(k)
- Total Participants: 151
- Total Assets: $25.2M
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 | 151 | $25.2M | $626,611 | $1.0M |
| 2023 | 157 | $23.2M | $687,190 | $1.2M |
| 2022 | 155 | $20.3M | $440,397 | $1.1M |
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 |
|---|---|---|---|---|
| PARK CAPITAL MANAGEMENT LLC | INVESTMENT ADVISOR | $48,353 | — | $48,353 |
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $23,982 | — | $23,982 |
| PEAK RETIREMENT GROUP | CONTRACT ADMIN | $3,248 | $10,000 | $13,248 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $8,905 | — | $8,905 |
| KMA S.C | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $94,488
- Estimated Expense Ratio: 0.375% 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 | $84,489 | — | $84,489 | — | — |
| 2023 | $74,540 | $74,540 | — | — | — |
| 2022 | $72,858 | — | $72,858 | — | — |