# Sturdy Savings Bank 401(k) Plan
Source: https://planprovider.pro/companies/sturdy-savings-bank-401k-plan

> Sturdy Savings Bank's 401(k) plan: 136 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Sturdy Savings Bank

- **Sponsor EIN:** 210605343

- **Sponsor Address:** 9417 THIRD AVENUE, STONE HARBOR, NJ, 08247

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

- **Total Participants:** 136

- **Total Assets:** $36.7M

## 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|136|$36.7M|$752,652|$1.0M|

| 2023|138|$34.0M|$760,596|$1.1M|

| 2022|147|$30.2M|$852,814|$1.0M|

## 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|

| CARON & BLETZER, PLLC|Auditor|$12,500|—|$12,500|

### Verified Provider Profiles

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

- [CARON & BLETZER, PLLC](https://planprovider.pro/provider/caron-bletzer) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $12,500

- **Estimated Expense Ratio:** 0.034% 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|$64,321|$35,365|—|$12,500|—|

| 2023|$67,354|$44,306|—|$23,048|—|

| 2022|$66,347|—|—|—|—|

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