Plan Snapshot
- Plan Sponsor: Santander Holdings Usa, INC.
- Sponsor EIN: 232453088
- Sponsor Address: 1130 BERKSHIRE BLVD, WYOMISSING, PA, 19610
- Plan Type: 401(k)
- Total Participants: 12,035
- Total Assets: $1.9B
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 | 12,035 | $1.9B | $73.9M | $105.4M |
| 2023 | 13,334 | $1.6B | $73.7M | $104.5M |
| 2022 | 14,626 | $1.3B | $60.8M | $84.4M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | NONE | $534,643 | — | $534,643 |
| WILLIS TOWERS WATSON US LLC | NONE | $120,000 | — | $120,000 |
| HERBEIN & CO INC | NONE | $39,450 | — | $39,450 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HERBEIN & CO INC — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $694,093
- Estimated Expense Ratio: 0.037% 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 | $696,193 | $120,000 | — | $39,450 | — |
| 2023 | $694,549 | $127,258 | — | $12,800 | — |
| 2022 | $834,231 | $90,000 | — | — | $33,807 |