Plan Snapshot
- Plan Sponsor: Pontiac Bancorp, INC.
- Sponsor EIN: 371111348
- Sponsor Address: 300 WEST WASHINGTON ST, PONTIAC, IL, 617641746
- Plan Type: 401(k)
- Total Participants: 139
- Total Assets: $12.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 139 | $12.3M | $175,698 | $557,846 |
| 2023 | 125 | $10.8M | $137,653 | $461,355 |
| 2022 | 98 | $11.2M | $132,748 | $501,183 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $34,075 | — | $34,075 |
| MERRILL LYNCH PIERCE FENNER & SMITH | Other Service Provider | $19,045 | $15 | $19,060 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $53,135
- Estimated Expense Ratio: 0.431% 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 | $53,129 | $7,145 | $34,076 | — | — |
| 2023 | $36,477 | $2,279 | $30,400 | — | — |
| 2022 | $32,941 | — | $32,941 | — | — |