Plan Snapshot
- Plan Sponsor: Servisfirst Bank
- Sponsor EIN: 202451671
- Sponsor Address: 2500 WOODCREST PLACE, BIRMINGHAM, AL, 35209
- Plan Type: 401(k)
- Total Participants: 631
- Total Assets: $71.0M
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 | 631 | $71.0M | $2.6M | $5.1M |
| 2023 | 587 | $57.1M | $2.4M | $4.8M |
| 2022 | 567 | $50.0M | $2.1M | $4.1M |
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 |
|---|---|---|---|---|
| LPL FINANCIAL-RPCP | Other Service Provider | $60,932 | — | $60,932 |
| SCHWAB RETIREMENT PLAN SERVICES,INC | Recordkeeper | $57,071 | — | $57,071 |
| LINCOLN FINANCIAL ADVISORS COR | Recordkeeper | $16,446 | — | $16,446 |
| ENVESTNET INC | Investment Advisor | $11,101 | — | $11,101 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHWAB RETIREMENT PLAN SERVICES,INC — Recordkeeper
- LINCOLN FINANCIAL ADVISORS COR — Recordkeeper
- ENVESTNET INC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $145,550
- Estimated Expense Ratio: 0.205% 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 | $145,880 | $95,925 | — | — | — |
| 2023 | $127,714 | $84,438 | — | — | — |
| 2022 | $130,539 | — | — | — | — |