Plan Snapshot
- Plan Sponsor: United Midwest Savings Bank
- Sponsor EIN: 341499160
- Sponsor Address: 955 COUNTY LINE RD W, WESTERVILLE, OH, 43082
- Plan Type: 401(k)
- Total Participants: 176
- Total Assets: $13.0M
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 | 176 | $13.0M | $544,396 | $1.2M |
| 2023 | 150 | $10.1M | $481,129 | $1.1M |
| 2022 | 138 | $8.8M | $423,185 | $974,019 |
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 |
|---|---|---|---|---|
| RBC CAPITAL MARKETS LLC | INVESTMENT ADVISOR | $25,940 | — | $25,940 |
| RETIREMENT PLAN CONCEPTS & SERVICES | CONTRACT ADMIN | $8,575 | — | $8,575 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MANAGER | $6,934 | — | $6,934 |
| PLANTE & MORAN, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PLANTE & MORAN, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $41,449
- Estimated Expense Ratio: 0.319% 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 | $33,462 | $24,887 | $8,575 | — | — |
| 2023 | $23,073 | $18,215 | $3,603 | — | — |
| 2022 | $31,070 | — | $31,070 | — | — |