Plan Snapshot
- Plan Sponsor: The Ephrata National Bank
- Sponsor EIN: 230559393
- Sponsor Address: PO BOX 457, EPHRATA, PA, 175220457
- Plan Type: 401(k)
- Plan Number: 505
- Total Participants: 301
- Total Assets: $1.3M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 301 | $1.3M | $5.1M | $684,364 |
| 2023 | 285 | $683,918 | $4.1M | $656,128 |
| 2022 | 293 | $1.2M | $3.7M | $667,009 |
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 |
|---|---|---|---|---|
| UNIMERICA INSURANCE COMPANY | Other Service Provider | $1,251,118 | — | $1,251,118 |
| L. R. WEBBER ASSOCIATES | Other Service Provider | $69,185 | — | $69,185 |
| THE BENECON GROUP INC | Other Service Provider | $54,696 | — | $54,696 |
| PBASC | Other Service Provider | $16,759 | — | $16,759 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,391,758
- Estimated Expense Ratio: 108.963% 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 | $1,587,781 | $114,261 | $206,642 | — | — |
| 2023 | $1,350,487 | $99,387 | $156,906 | — | — |
| 2022 | $1,131,241 | $95,402 | $13,505 | — | — |