Plan Snapshot
- Plan Sponsor: Woodlands Bank
- Sponsor EIN: 232579286
- Sponsor Address: 2450 EAST 3RD STREET, WILLIAMSPORT, PA, 17701
- Plan Type: 401(k)
- Total Participants: 107
- Total Assets: $11.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 107 | $11.9M | $236,251 | $532,698 |
| 2023 | 104 | $10.4M | $233,326 | $515,179 |
| 2022 | 109 | $8.7M | $218,778 | $468,170 |
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 |
|---|---|---|---|---|
| ALERUS FINANCIAL, N.A,. | NONE | $30,769 | — | $30,769 |
| LARSON, KELLETT & ASSOCIATES, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALERUS FINANCIAL, N.A,. — NONE
- LARSON, KELLETT & ASSOCIATES, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $30,769
- Estimated Expense Ratio: 0.258% 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 | $30,527 | — | — | — | — |
| 2023 | $28,627 | — | — | — | — |
| 2022 | $30,647 | — | — | — | — |