# The Fidelity Bank 401(k) Plan
Source: https://planprovider.pro/companies/the-fidelity-bank-401k-plan-003

> The Fidelity Bank's 401(k) plan: 509 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** The Fidelity Bank

- **Sponsor EIN:** 560132040

- **Sponsor Address:** 100 S MAIN STREET, FUQUAY VARINA, NC, 27526

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

- **Total Participants:** 509

- **Total Assets:** $60.3M

## 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|509|$60.3M|$3.1M|$3.1M|

| 2023|484|$49.1M|$2.9M|$2.8M|

| 2022|458|$36.2M|$2.4M|$2.6M|

## 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|

| EMPOWER ANNUITY INSURANCE COMPANY|RECORDKEEPER|$159,428|—|$159,428|

| EMPOWER ADVISORY GROUP, LLC|INVESTMENT MGMT|$30,928|—|$30,928|

| FORVIS MAZARS, LLP|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [FORVIS MAZARS, LLP](https://planprovider.pro/provider/forvis-mazars-llp) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $190,356

- **Estimated Expense Ratio:** 0.316% 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|$176,400|—|—|—|—|

| 2023|$100,324|—|—|—|—|

| 2022|$95,508|—|$95,508|—|—|

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