Plan Snapshot
- Plan Sponsor: Southern Illinois Bancorp, INC.
- Sponsor EIN: 370206222
- Sponsor Address: P.O. BOX 376 201 EAST MAIN STREET, CARMI, IL, 62821
- Plan Type: 401(k)
- Total Participants: 103
- Total Assets: $10.0M
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 | 103 | $10.0M | $140,270 | $472,077 |
| 2023 | 105 | $8.5M | $135,724 | $463,119 |
| 2022 | 109 | $8.0M | $144,757 | $485,981 |
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 |
|---|---|---|---|---|
| ECP CONSULTING | 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 | $615 | — | — | — | — |
| 2023 | $2,521 | — | — | — | — |
| 2022 | $6,926 | — | $6,926 | — | — |