Plan Snapshot
- Plan Sponsor: West Alabama Bank & Trust
- Sponsor EIN: 630237528
- Sponsor Address: P.O. BOX 310, REFORM, AL, 35481
- Plan Type: 401(k)
- Total Participants: 161
- Total Assets: $10.8M
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 | 161 | $10.8M | $396,578 | $458,773 |
| 2023 | 144 | $10.1M | $353,202 | $411,561 |
| 2022 | 135 | $8.7M | $324,263 | $362,719 |
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 |
|---|---|---|---|---|
| T E LOTT & COMPANY | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $53,610 | — | $53,610 | — | — |
| 2023 | $43,821 | — | $43,821 | — | — |
| 2022 | $34,182 | — | $34,182 | — | — |