401k Record

Employers › Bancorp

Bancorp 401(k)

Recordkeeping fees per participant · The Bancorp, Inc. 401(k) Plan · plan year 2024

$114.25

Higher than 80% of the 5,847 plans $50 to 250M that report it.

Source

= $109,796 / 961
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250616165544NAL0001854800001, received 2025-06-16
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250616165544NAL0001854800001, received 2025-06-16

10th: $10.22median $69.9190th: $151.08

Percentiles compare this plan with the Schedule H plans $50 to 250M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-06-16.

Cost and contributions

Administrative expenses excluding investment management, per participant

$114.25

10th: $16.21median $93.2090th: $246.84

Higher than 61% of the 8,758 plans $50 to 250M that report it.

Source

= $109,796 / 961
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250616165544NAL0001854800001, received 2025-06-16
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250616165544NAL0001854800001, received 2025-06-16

Administrative expenses per participant

$143.32

10th: $29.39median $132.8490th: $350.58

Higher than 55% of the 9,042 plans $50 to 250M that report it.

Source

= $137,729 / 961
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250616165544NAL0001854800001, received 2025-06-16
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250616165544NAL0001854800001, received 2025-06-16

Administrative expenses as a share of assets

0.115%

10th: 0.022%median 0.136%90th: 0.326%

Higher than 42% of the 9,049 plans $50 to 250M that report it.

Source

= $137,729 / $120,083,345
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250616165544NAL0001854800001, received 2025-06-16
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250616165544NAL0001854800001, received 2025-06-16

Employer contributions per participant

$2,567

10th: $965median $2,73890th: $8,164

Higher than 46% of the 9,105 plans $50 to 250M that report it.

Source

= $2,466,855 / 961
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250616165544NAL0001854800001, received 2025-06-16
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250616165544NAL0001854800001, received 2025-06-16

Employer share of total contributions

22.8%

10th: 15.6%median 29.5%90th: 50.6%

Higher than 28% of the 9,112 plans $50 to 250M that report it.

Source

= $2,466,855 / $10,807,439
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250616165544NAL0001854800001, received 2025-06-16
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250616165544NAL0001854800001, received 2025-06-16

Plan terms, as stated in The Bancorp, Inc.'s SEC filings

Employer match

“Under the plan, the Company matches 50% of the employee contributions for all participants, not to exceed 6% of their salary.”

Form 10-K filed 2026-02-25, for the year ended 2025-12-31 · benefits note, 10-K benefits note · source document

Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.

Plan features

2F ERISA 404(c) plan · 2E profit-sharing · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 3H controlled-group sponsor · 3I · 2G fully participant-directed · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250616165544NAL0001854800001, received 2025-06-16

Full record, The Bancorp, Inc. 401(k) Plan

FieldValueSource
Plan sponsorTHE BANCORP, INC.Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250616165544NAL0001854800001, received 2025-06-16
Plan nameTHE BANCORP, INC. 401(K) PLANForm 5500, line 1a; PLAN_NAME pos 16; filing 20250616165544NAL0001854800001, received 2025-06-16
Sponsor EIN / plan number23-3016517 / 001Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250616165544NAL0001854800001, received 2025-06-16
Plan typesingle-employerForm 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250616165544NAL0001854800001, received 2025-06-16
Sponsor locationWILMINGTON, DEForm 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250616165544NAL0001854800001, received 2025-06-16
Industry (business code)522110, Finance and insuranceForm 5500, line 2d; BUSINESS_CODE pos 46; filing 20250616165544NAL0001854800001, received 2025-06-16
Plan year2024-01-01 to 2024-12-31Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250616165544NAL0001854800001, received 2025-06-16
Filing received2025-06-16Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250616165544NAL0001854800001, received 2025-06-16
Final filingnoForm 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250616165544NAL0001854800001, received 2025-06-16
Amended filingnoForm 5500, Part I line B; AMENDED_IND pos 7; filing 20250616165544NAL0001854800001, received 2025-06-16
Participants, beginning of year864Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250616165544NAL0001854800001, received 2025-06-16
Active participants767Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250616165544NAL0001854800001, received 2025-06-16
Participants, end of year983Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250616165544NAL0001854800001, received 2025-06-16
Participants with an account balance961Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250616165544NAL0001854800001, received 2025-06-16
Total assets, beginning of year$95,783,510Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250616165544NAL0001854800001, received 2025-06-16
Total assets, end of year$120,083,345Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250616165544NAL0001854800001, received 2025-06-16
Net assets, end of year$120,083,345Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250616165544NAL0001854800001, received 2025-06-16
Total income$29,873,118Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250616165544NAL0001854800001, received 2025-06-16
Net income$24,299,835Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250616165544NAL0001854800001, received 2025-06-16
Employer contributions$2,466,855Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250616165544NAL0001854800001, received 2025-06-16
Participant contributions$7,446,595Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250616165544NAL0001854800001, received 2025-06-16
Other contributions (incl. rollovers)$893,989Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250616165544NAL0001854800001, received 2025-06-16
Total contributions$10,807,439Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250616165544NAL0001854800001, received 2025-06-16
Benefit payments$5,434,152Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250616165544NAL0001854800001, received 2025-06-16
Total expenses (incl. benefit payments)$5,573,283Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250616165544NAL0001854800001, received 2025-06-16
Total administrative expenses$137,729Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250616165544NAL0001854800001, received 2025-06-16
Contract administrator fees$0Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250616165544NAL0001854800001, received 2025-06-16
Recordkeeping fees$109,796Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250616165544NAL0001854800001, received 2025-06-16
IQPA audit fees$0Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250616165544NAL0001854800001, received 2025-06-16
Investment advisory and management fees$27,933Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250616165544NAL0001854800001, received 2025-06-16
Administrative expenses excluding investment management$109,796derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250616165544NAL0001854800001, received 2025-06-16
Held in master trusts$0Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250616165544NAL0001854800001, received 2025-06-16
Held in common/collective trusts$2,230,650Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250616165544NAL0001854800001, received 2025-06-16
Held in mutual funds$99,819,921Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250616165544NAL0001854800001, received 2025-06-16
Independent auditorCROWE LLPSchedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250616165544NAL0001854800001, received 2025-06-16

Position = column in the DOL layout for form year 2024. Filing 20250616165544NAL0001854800001, received 2025-06-16.

Service providers paid directly by the plan

ProviderRelationshipService codesDirect compensationIndirect
FIDELITY INVESTMENTS INSTITUTIONALrecordkeeperRECORDKEEPER 37 Participant loan processing; 60 Sub-transfer agency fees; 64 Recordkeeping fees; 65 Account maintenance fees; 71 Securities brokerage commissions and fees $109,790yes
STRATEGIC ADVISORS, INC.ADVISOR 27 Investment advisory (plan) $27,933no

Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250616165544NAL0001854800001, received 2025-06-16.

What changed since the 2023 plan year

Figure20232024Change
Total assets$95,783,510$120,083,34525.4%
Participants with a balance84396114.0%
Administrative expenses$119,489$137,72915.3%
Recordkeeping fees per participant$103.02$114.2510.9%
Employer contributions$2,244,848$2,466,8559.9%

Prior filing 20240626153517NAL0009522929001, received 2024-06-26; the plan years are contiguous.

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Sponsor name as filed: THE BANCORP, INC.; SEC registrant: Bancorp, Inc. (CIK 1295401, matched by EIN; display name from the Form 11-K cover).