# Walden Savings Bank 401(k) Plan
Source: https://planprovider.pro/companies/walden-savings-bank-401k-plan

> Walden Savings Bank's 401(k) plan: 136 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Walden Savings Bank

- **Sponsor EIN:** 141155630

- **Sponsor Address:** 15 SCOTT'S CORNERS DRIVE, MONTGOMERY, NY, 12549

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

- **Total Participants:** 136

- **Total Assets:** $18.0M

## 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|136|$18.0M|$408,165|$912,013|

| 2023|142|$15.7M|$379,473|$839,277|

| 2022|144|$13.1M|$358,223|$783,523|

## 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|

| BONADIO & CO LLP|Auditor|$10,700|—|$10,700|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [BONADIO & CO LLP](https://planprovider.pro/provider/bonadio-and-co-llp) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $10,700

- **Estimated Expense Ratio:** 0.059% 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|$93,580|$31,438|—|$10,700|—|

| 2023|$71,663|$13,928|—|—|—|

| 2022|$49,237|—|$49,237|—|—|

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