Plan Snapshot
- Plan Sponsor: Touchstone Bank
- Sponsor EIN: 540132540
- Sponsor Address: P.O. BOX 2230, PRINCE GEORGE, VA, 23875
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 113
- Total Assets: $10.5M
Key Plan Design Features
- Auto-Enrollment: No
- 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. |
|---|---|---|---|---|
| 2023 | 113 | $10.5M | $320,980 | $583,751 |
| 2022 | 132 | $10.0M | $474,697 | $514,695 |
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 |
|---|---|---|---|---|
| VOYA RETIREMENT INSURANCE & ANNUITY | Other Service Provider | $47,609 | — | $47,609 |
| VBA BENEFITS CORPORATION | Other Service Provider | $23,221 | — | $23,221 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $70,830
- Estimated Expense Ratio: 0.675% 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 |
|---|---|---|---|---|---|
| 2023 | $70,853 | $24,303 | $46,150 | — | — |
| 2022 | $66,625 | — | — | — | — |