Plan Snapshot
- Plan Sponsor: Resource Bank, N.A.
- Sponsor EIN: 361077820
- Sponsor Address: 555 BETHANY ROAD, DEKALB, IL, 60115
- Plan Type: 401(k)
- Total Participants: 137
- Total Assets: $23.9M
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 | 137 | $23.9M | $440,786 | $778,117 |
| 2023 | 127 | $20.5M | $396,521 | $740,871 |
| 2022 | 121 | $17.7M | $434,048 | $757,803 |
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 |
|---|---|---|---|---|
| BANKERS TRUST COMPANY | NONE | $68,252 | — | $68,252 |
| PLANTE MORAN, PLLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $68,252
- Estimated Expense Ratio: 0.285% of plan assets
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 | $68,252 | — | — | — | — |
| 2023 | $58,442 | — | — | — | — |
| 2022 | $61,894 | — | $61,894 | — | — |