Plan Snapshot
- Plan Sponsor: Presidential Bank
- Sponsor EIN: 521377663
- Sponsor Address: 4600 EAST WEST HWY STE 400, BETHESDA, MD, 20814
- Plan Type: DC
- Total Participants: 347
- Total Assets: $15.2M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | $15.2M | $772,393 | $0 |
| 2023 | 298 | $13.5M | $749,227 | $0 |
| 2022 | 255 | $12.5M | $867,586 | $0 |
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 & COMPANY 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 | $12,722 | $12,647 | — | — | — |
| 2023 | $3,008 | $2,958 | — | — | — |
| 2022 | $3,973 | $2,573 | — | — | — |