# Sterling Bank & Trust Fsb 401(k) Plan
Source: https://planprovider.pro/companies/sterling-bank-trust-fsb-401k-plan

> Sterling Bank & Trust Fsb's 401(k) plan: 223 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Sterling Bank & Trust Fsb

- **Sponsor EIN:** 382524834

- **Sponsor Address:** ONE TOWNE SQUARE, SOUTHFILED, MI, 48076

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

- **Total Participants:** 223

- **Total Assets:** $29.0M

## 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|223|$29.0M|$1.2M|$1.9M|

| 2023|247|$25.6M|$1.2M|$2.0M|

| 2022|276|$22.2M|$1.3M|$2.0M|

## 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|

| MEADEN & MOORE, LTD.|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [MEADEN & MOORE, LTD.](https://planprovider.pro/provider/meaden-and-moore-ltd) — Auditor

## 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|$60,650|$44,827|$15,823|—|—|

| 2023|$90,237|$55,092|$35,145|—|—|

| 2022|$95,952|$51,838|$44,114|—|—|

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