Plan Snapshot
- Plan Sponsor: The Federal Savings Bank
- Sponsor EIN: 431883419
- Sponsor Address: 4120 W DIVERSEY AVE.,, CHICAGO, IL, 60639
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 1,104
- Total Assets: $48.8M
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 | 1,104 | $48.8M | $340,428 | $5.0M |
| 2023 | 1,011 | $43.7M | $321,297 | $4.7M |
| 2022 | 1,167 | $37.8M | $504,495 | $6.3M |
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 |
|---|---|---|---|---|
| STADION MONEY MANAGEMENT | Recordkeeper | $115,832 | — | $115,832 |
| LPL FINANCIAL | Investment Advisor | $61,959 | — | $61,959 |
| ASCENSUS LLC | Other Service Provider | $30,200 | — | $30,200 |
| UNITED OF OMAHA | Other Service Provider | $12,750 | — | $12,750 |
| MESIROW | Other Service Provider | $7,412 | — | $7,412 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STADION MONEY MANAGEMENT — Recordkeeper
- LPL FINANCIAL — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $228,153
- Estimated Expense Ratio: 0.467% 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 | $213,219 | $170,269 | $42,950 | — | — |
| 2023 | $98,374 | $63,544 | $34,330 | — | — |
| 2022 | $102,462 | $54,742 | $47,720 | — | — |