Plan Snapshot
- Plan Sponsor: Port Washington State Bank
- Sponsor EIN: 390545620
- Sponsor Address: 206 N. FRANKLIN STREET, PORT WASHINGTON, WI, 53074
- Plan Type: 401(k)
- Total Participants: 111
- Total Assets: $22.9M
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 | 111 | $22.9M | $548,328 | $771,745 |
| 2023 | 100 | $19.4M | $563,838 | $777,569 |
| 2022 | 99 | $17.5M | $556,891 | $764,174 |
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 |
|---|---|---|---|---|
| INDEPENDENT FINANCIAL PARTNERS | NONE | $56,751 | — | $56,751 |
| WIPFLI | Auditor | $56,751 | — | $56,751 |
| STANCORP FINANCIAL GROUP | NONE | $41,201 | — | $41,201 |
| CHARLES SCHWAB TRUST COMPANY | NONE | — | $6,528 | $6,528 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WIPFLI — Auditor
- STANCORP FINANCIAL GROUP — NONE
- CHARLES SCHWAB TRUST COMPANY — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $161,231
- Estimated Expense Ratio: 0.705% 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 | $97,952 | — | $41,201 | $56,751 | — |
| 2023 | $90,817 | $49,665 | $41,152 | — | — |
| 2022 | $94,077 | — | $94,077 | — | — |