# Spencer Savings Bank Sla 401(k) Plan
Source: https://planprovider.pro/companies/spencer-savings-bank-sla-401k-plan

> Spencer Savings Bank Sla's 401(k) plan: 298 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Spencer Savings Bank Sla

- **Sponsor EIN:** 221296609

- **Sponsor Address:** 611 RIVER DR, ELMWOOD PARK, NJ, 074071325

- **Plan Type:** 401(k)

- **Total Participants:** 298

- **Total Assets:** $48.4M

## 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|298|$48.4M|$1.1M|$1.9M|

| 2023|301|$45.2M|$1.1M|$1.8M|

| 2022|272|$41.5M|$1.2M|$1.5M|

| 2021|244|$46.6M|$0|$0|

## 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|

| CROWE LLP|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|$188,237|—|$188,237|—|—|

| 2023|$168,968|—|$168,968|—|—|

| 2022|$128,472|—|$128,472|—|—|

| 2021|$8,145|—|$8,095|—|—|

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