Plan Snapshot
- Plan Sponsor: Union State Bank
- Sponsor EIN: 630215110
- Sponsor Address: PO BOX 647, PELL CITY, AL, 35125
- Plan Type: 401(k)
- Total Participants: 67
- Total Assets: $4.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 67 | $4.6M | $157,764 | $0 |
| 2023 | 74 | $4.2M | $0 | $154,159 |
| 2022 | 76 | $3.8M | $0 | $146,870 |
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 |
|---|---|---|---|---|
| CARR RIGGS & INGRAM, LLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $98,794 | — | — | — | — |
| 2023 | $137,735 | — | — | — | — |
| 2022 | $10,462 | — | — | — | — |