# Port Washington State Bank 401(k) Plan
Source: https://planprovider.pro/companies/port-washington-state-bank-401k-plan

> Port Washington State Bank's 401(k) plan: 111 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/wipfli-llp) — Auditor

- [STANCORP FINANCIAL GROUP](https://planprovider.pro/provider/charles-schwab-and-co-inc) — NONE

- [CHARLES SCHWAB TRUST COMPANY](https://planprovider.pro/provider/charles-schwab-and-co-inc) — 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|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/port-washington-state-bank-401k-plan)

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