Plan Snapshot
- Plan Sponsor: Main Street Bank Corp.
- Sponsor EIN: 340606020
- Sponsor Address: 151 NORTH MARKET STREET, WOOSTER, OH, 44691
- Plan Type: 401(k)
- Total Participants: 164
- Total Assets: $8.8M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 164 | $8.8M | $251,368 | $473,480 |
| 2023 | 114 | $5.4M | $169,021 | $393,094 |
| 2022 | 99 | $4.5M | $156,401 | $350,386 |
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 |
|---|---|---|---|---|
| WHITAKER MYERS WEALTH MANAGERS, LTD | INVESTMENT ADVISOR | $13,404 | — | $13,404 |
| JULY BUSINESS SERVICES, LLC | RECORDKEEPER | $7,833 | — | $7,833 |
| S.R. SNODGRASS, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JULY BUSINESS SERVICES, LLC — RECORDKEEPER
- S.R. SNODGRASS, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $21,237
- Estimated Expense Ratio: 0.242% 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 | $21,777 | $13,404 | $7,833 | — | — |
| 2023 | $19,221 | $10,059 | $8,764 | — | — |
| 2022 | $23,914 | $12,153 | $10,550 | — | — |