Plan Snapshot
- Plan Sponsor: Traditions Bank
- Sponsor EIN: 030454928
- Sponsor Address: PO BOX 3658, YORK, PA, 17402
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 108
- Total Assets: $238,810
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 | 108 | $238,810 | $1.7M | $283,485 |
| 2023 | 113 | $80,422 | $1.7M | $289,100 |
| 2022 | 131 | $256,271 | $1.5M | $267,241 |
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 |
|---|---|---|---|---|
| LR WEBBER | Other Service Provider | $412,784 | — | $412,784 |
| OPTUM INSURANCE COMPANY | Other Service Provider | $412,784 | — | $412,784 |
| BENECON | Other Service Provider | $25,088 | — | $25,088 |
| PBASC | Other Service Provider | $7,687 | — | $7,687 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $858,343
- Estimated Expense Ratio: 359.425% 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 | $501,178 | $50,226 | $41,985 | — | — |
| 2023 | $487,867 | $52,514 | $9,275 | — | — |
| 2022 | $478,033 | $50,063 | $9,917 | — | — |