Plan Snapshot
- Plan Sponsor: Relyance Bank
- Sponsor EIN: 710764688
- Sponsor Address: 8500 SHERIDAN ROAD, WHITE HALL, AR, 71602
- Plan Type: 401(k)
- Total Participants: 179
- Total Assets: $20.1M
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 | 179 | $20.1M | $417,115 | $901,431 |
| 2023 | 166 | $16.9M | $417,665 | $888,916 |
| 2022 | 173 | $14.3M | $391,796 | $824,124 |
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 |
|---|---|---|---|---|
| BROWN ROGERS AND CO. PA | 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 | $63,882 | $4,208 | — | — | — |
| 2023 | $51,949 | $3,436 | — | — | — |
| 2022 | $55,298 | $2,271 | $53,027 | — | — |