Plan Snapshot
- Plan Sponsor: Van Buren Bancorporation
- Sponsor EIN: 421141330
- Sponsor Address: P.O. BOX 698, ALBIA, IA, 52531
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 62
- Total Assets: $56.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 62 | $56.8M | $0 | $0 |
| 2024 | 56 | $49.8M | $908,006 | $219,014 |
| 2023 | 53 | $41.9M | $863,042 | $215,956 |
| 2022 | 50 | $42.6M | $837,096 | $227,200 |
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 |
|---|---|---|---|---|
| INDEPENDENT FINANCIAL PARTNERS | Investment Advisor | $18,915 | — | $18,915 |
| NATIONWIDE | Recordkeeper | $18,329 | — | $18,329 |
| BLUE RIDGE ESOP ASSOCIATES | Recordkeeper | — | $9,653 | $9,653 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $46,897
- Estimated Expense Ratio: 0.082% 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 | $3,605,076 | — | — | — | — |
| 2024 | $1,181,867 | — | — | — | — |
| 2023 | $15,147,468 | — | — | — | — |
| 2022 | $3,254,312 | — | — | — | — |