# Main Street Bank Corp. 401(k) Plan
Source: https://planprovider.pro/companies/wayne-savings-community-bank-401k-plan

> Main Street Bank Corp.'s 401(k) plan: 164 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/july-business-services) — RECORDKEEPER

- [S.R. SNODGRASS, P.C.](https://planprovider.pro/provider/s-r-snodgrass-pc) — 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|—|—|

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