Plan Snapshot
- Plan Sponsor: Providence Bank & Trust
- Sponsor EIN: 200241351
- Sponsor Address: 630 E. 162ND STREET, SOUTH HOLLAND, IL, 60473
- Plan Type: 401(k)
- Total Participants: 189
- Total Assets: $25.1M
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 | 189 | $25.1M | $409,807 | $1.4M |
| 2023 | 194 | $21.4M | $398,683 | $1.4M |
| 2022 | 200 | $17.4M | $372,965 | $1.3M |
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 |
|---|---|---|---|---|
| FORVIS MAZARS, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FORVIS MAZARS, LLP — 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 | $45,481 | — | $45,481 | — | — |
| 2023 | $35,778 | $23,711 | $12,067 | — | — |
| 2022 | $30,957 | $20,325 | $9,967 | — | — |