Plan Snapshot
- Plan Sponsor: Passumpsic Savings Bank
- Sponsor EIN: 030147560
- Sponsor Address: PO BOX 38, ST JOHNSBURY, VT, 058191643
- Plan Type: 401(k)
- Total Participants: 152
- Total Assets: $25.7M
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 | 152 | $25.7M | $871,871 | $832,985 |
| 2023 | 143 | $23.0M | $833,477 | $751,135 |
| 2022 | 149 | $18.9M | $907,142 | $743,493 |
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 |
|---|---|---|---|---|
| BAKER NEWMAN & NOYES | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BAKER NEWMAN & NOYES — Auditor
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 | $58,532 | $52,642 | $5,470 | — | — |
| 2023 | $50,178 | $45,434 | $4,289 | — | — |
| 2022 | $48,683 | $44,375 | $3,753 | — | — |