Plan Snapshot
- Plan Sponsor: Wisconsin Bankers Association Insurance Trust Fund
- Sponsor EIN: 396046865
- Sponsor Address: P.O. BOX 7697, MADISON, WI, 537077697
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 3,102
- Total Assets: $757,804
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 3,102 | $757,804 | $0 | $0 |
| 2024 | 3,126 | $761,408 | $0 | $24.0M |
| 2023 | 3,107 | $498,868 | $0 | $22.1M |
| 2022 | 3,368 | $516,652 | $0 | $19.6M |
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 |
|---|---|---|---|---|
| WBA EMPLOYEE BENEFITS CORP., INC. | Other Service Provider | $180,000 | — | $180,000 |
| WIPFLI LLP | Other Service Provider | $21,465 | — | $21,465 |
| REINHART BOERNER VAN DEUREN | Other Service Provider | $7,701 | — | $7,701 |
| BANK OF SUN PRAIRIE | Other Service Provider | $6,000 | — | $6,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $215,166
- Estimated Expense Ratio: 28.393% 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 |
|---|---|---|---|---|---|
| 2025 | $25,330,620 | — | $372,463 | $23,208 | — |
| 2024 | $489,768 | — | $343,849 | $59,485 | — |
| 2023 | $393,295 | — | $316,960 | $60,525 | — |
| 2022 | $208,469 | — | — | — | $202,469 |