Plan Snapshot
- Plan Sponsor: Shore United Bank
- Sponsor EIN: 521974638
- Sponsor Address: 28969 INFORMATION LN, EASTON, MD, 216017007
- Plan Type: 401(k)
- Total Participants: 589
- Total Assets: $71.8M
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 | 589 | $71.8M | $2.0M | $4.3M |
| 2023 | 612 | $64.8M | $1.6M | $3.5M |
| 2022 | 462 | $39.2M | $1.3M | $2.7M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $155,685 | — | $155,685 |
| GLOBAL RETIREMENT PARTNERS LLC | INVESTMENT ADVISORY | — | $51,581 | $51,581 |
| CARON & BLETZER, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GLOBAL RETIREMENT PARTNERS LLC — INVESTMENT ADVISORY
- CARON & BLETZER, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $207,266
- Estimated Expense Ratio: 0.289% 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 | $153,247 | — | $153,247 | — | — |
| 2023 | $125,593 | — | $125,593 | — | — |
| 2022 | $107,670 | — | $107,670 | — | — |