Plan Snapshot
- Plan Sponsor: Western Illinois Bancshares, INC.
- Sponsor EIN: 202900703
- Sponsor Address: 88A PUBLIC SQUARE, MONMOUTH, IL, 614621764
- Plan Type: 401(k)
- Total Participants: 144
- Total Assets: $17.2M
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 | 144 | $17.2M | $363,959 | $595,110 |
| 2023 | 143 | $14.6M | $332,944 | $528,244 |
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 |
|---|---|---|---|---|
| MIDWESTERN SECURITIES TRADING CO | INVESTMENT ADVISOR | $14,476 | — | $14,476 |
| PENTEGRA SERVICES INC. | CONTRACT ADMIN | $13,123 | — | $13,123 |
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $11,809 | — | $11,809 |
| PLANCHEC(K) CPAS LLC | AUDITOR | $8,500 | — | $8,500 |
| COMMUNITY BANKERS ASSOCIATION OF IL | INVESTMENT ADVISOR | $7,238 | — | $7,238 |
| PLANCHECK CPAS LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PLANCHECK CPAS LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $55,146
- Estimated Expense Ratio: 0.321% 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 | $56,896 | — | $56,896 | — | — |
| 2023 | $66,788 | — | $65,773 | — | — |