Plan Snapshot
- Plan Sponsor: Presidential Bank
- Sponsor EIN: 521377663
- Sponsor Address: 4600 EAST-WEST HWY, BETHESDA, MD, 20814
- Plan Type: 401(k)
- Total Participants: 347
- Total Assets: $47.4M
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 | 347 | $47.4M | $755,193 | $2.3M |
| 2023 | 298 | $44.2M | $541,821 | $1.7M |
| 2022 | 257 | $38.5M | $605,954 | $1.9M |
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 |
|---|---|---|---|---|
| YOUNG OAKES BROWN & CO, PC | Auditor | — | — | $0 |
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 | $56,277 | $44,397 | — | — | — |
| 2023 | $19,571 | $15,252 | — | — | — |
| 2022 | $19,058 | $12,714 | — | — | — |