# Union Savings Bank 401(k) Plan
Source: https://planprovider.pro/companies/union-savings-bank-401k-plan-002-0800

> Union Savings Bank's 401(k) plan: 381 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Union Savings Bank

- **Sponsor EIN:** 060570800

- **Sponsor Address:** 225 MAIN ST., DANBURY, CT, 06810

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

- **Total Participants:** 381

- **Total Assets:** $76.9M

## 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|381|$76.9M|$1.1M|$3.1M|

| 2023|369|$67.3M|$1.0M|$3.0M|

| 2022|353|$57.3M|$1.0M|$2.9M|

## 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|

| WOLF & COMPANY, P.C|Auditor|$19,250|—|$19,250|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $19,250

- **Estimated Expense Ratio:** 0.025% 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|$148,770|$37,771|$19,598|$19,250|—|

| 2023|$135,321|$37,234|$79,137|$18,500|—|

| 2022|$143,817|$36,189|$89,171|—|$18,250|

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