# Western Illinois Bancshares, INC. 401(k) Plan
Source: https://planprovider.pro/companies/western-illinois-bancshares-inc-401k-plan

> Western Illinois Bancshares, INC.'s 401(k) plan: 144 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/western-illinois-bancshares-inc-401k-plan)

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