# Sturgis Bank & Trust Company 401(k) Plan
Source: https://planprovider.pro/companies/sturgis-bank-trust-company-401k-plan

> Sturgis Bank & Trust Company's 401(k) plan: 211 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Sturgis Bank & Trust Company

- **Sponsor EIN:** 381080012

- **Sponsor Address:** PO BOX 600, STURGIS, MI, 490910600

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

- **Total Participants:** 211

- **Total Assets:** $13.7M

## 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|211|$13.7M|$467,818|$1.1M|

| 2023|205|$12.5M|$430,350|$1.0M|

| 2022|191|$11.2M|$391,472|$929,722|

## 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|

| UHY LLP|Auditor|$11,685|—|$11,685|

### Verified Provider Profiles

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

- [UHY LLP](https://planprovider.pro/provider/uhy-llp) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $11,685

- **Estimated Expense Ratio:** 0.086% 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|$34,676|—|$18,344|$11,685|—|

| 2023|$24,249|—|$18,241|—|—|

| 2022|$19,595|—|$15,449|—|$4,146|

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