Plan Snapshot
- Plan Sponsor: Union Bank
- Sponsor EIN: 030286322
- Sponsor Address: PO BOX 667, MORRISVILLE, VT, 05661
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 270
- Total Assets: $36.3M
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. |
|---|---|---|---|---|
| 2025 | 270 | $36.3M | $0 | $0 |
| 2024 | 188 | $32.1M | $733,870 | $1.1M |
| 2023 | 193 | $29.1M | $1.1M | $1.1M |
| 2022 | 192 | $24.8M | $1.1M | $1.0M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $37,992 | — | $37,992 |
| WORLD INVESTMENT ADVISORS, LLC | Investment Advisor | $19,598 | $16 | $19,614 |
| FUTURE PLANNING ASSOCIATES, INC | Other Service Provider | $3,007 | $15,373 | $18,380 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $75,986
- Estimated Expense Ratio: 0.209% 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 |
|---|---|---|---|---|---|
| 2025 | $3,225,154 | $19,598 | $40,999 | — | — |
| 2024 | $58,528 | $19,024 | $39,504 | — | — |
| 2023 | $52,956 | $18,482 | $34,474 | — | — |
| 2022 | $51,424 | $17,945 | $33,479 | — | — |