Plan Snapshot
- Plan Sponsor: Partners Bancorp
- Sponsor EIN: 521559535
- Sponsor Address: 200 EAST MARKET STREET, LAUREL, DE, 199561535
- Plan Type: 401(k)
- Plan Number: 003
- Total Participants: 11
- Total Assets: $11.2M
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. |
|---|---|---|---|---|
| 2023 | 11 | $11.2M | $404,749 | $1.3M |
| 2022 | 238 | $14.6M | $379,459 | $1.3M |
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 |
|---|---|---|---|---|
| VOYA RETIREMENT INSURANCE & ANNUITY | Other Service Provider | $42,706 | — | $42,706 |
| N1 ADVISORS | Other Service Provider | — | $26,484 | $26,484 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $69,190
- Estimated Expense Ratio: 0.615% 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 |
|---|---|---|---|---|---|
| 2023 | $42,927 | $487 | $40,340 | — | — |
| 2022 | $42,755 | — | — | — | — |