Plan Snapshot
- Plan Sponsor: The Bancorp, INC.
- Sponsor EIN: 233016517
- Sponsor Address: 409 SILVERSIDE ROAD, WILMINGTON, DE, 19809
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 974
- Total Assets: $142.5M
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. |
|---|---|---|---|---|
| 2025 | 974 | $142.5M | $0 | $0 |
| 2024 | 767 | $120.1M | $2.5M | $7.4M |
| 2023 | 641 | $95.8M | $2.2M | $6.8M |
| 2022 | 713 | $71.3M | $1.9M | $6.0M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $109,044 | — | $109,044 |
| STRATEGIC ADVISORS, INC. | Investment Advisor | $34,341 | — | $34,341 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $143,385
- Estimated Expense Ratio: 0.101% 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 |
|---|---|---|---|---|---|
| 2025 | $11,999,039 | $34,341 | — | — | — |
| 2024 | $137,729 | $27,933 | — | — | — |
| 2023 | $119,489 | $31,142 | $1,500 | — | — |
| 2022 | -$1,513 | $18,031 | — | — | — |