# Professional Bank 401(k) Plan
Source: https://planprovider.pro/companies/professional-bank-401k-plan

> Professional Bank's 401(k) plan: 0 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Professional Bank

- **Sponsor EIN:** 262155465

- **Sponsor Address:** 396 ALHAMBRA CIRCLE, CORAL GABLES, FL, 33134

- **Plan Type:** 401(k)

- **Total Participants:** 0

- **Total Assets:** $1,255

## 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|0|$1,255|$0|$0|

| 2023|222|$18,133|$60,262|$123,734|

| 2022|187|$10.0M|$731,075|$1.4M|

## 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|

| KAUFMAN ROSSIN AND CO.|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [KAUFMAN ROSSIN AND CO.](https://planprovider.pro/provider/kaufman-rossin-and-co) — Auditor

## 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|$17,640|—|$17,640|—|—|

| 2023|$31,472|$1,533|—|—|—|

| 2022|$54,904|$1,997|—|—|—|

## Similar Plans

- [Strategic Innovations Advisors Incorporated](https://planprovider.pro/companies/strategic-innovations-advisors-incorporated-plan) — 1 participants

- [Cbos Bankshares, INC.](https://planprovider.pro/companies/cbos-bankshares-inc-401k-plan) — 18 participants

- [Banco De Bogota Miami Agency](https://planprovider.pro/companies/ban-co-de-bogota-miami-agency-profit-sharing-and-401k-plan-plan) — 38 participants

- [Sunrise Bank](https://planprovider.pro/companies/sunrise-bank-401k-plan) — 57 participants

- [Bank Of Central Florida](https://planprovider.pro/companies/bank-of-central-florida-401k-plan) — 96 participants

- [Fidelity International Resource Management, INC](https://planprovider.pro/companies/fidelity-international-resource-management-inc-plan) — 97 participants

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

© 2026 PlanProvider.Pro