Employers › SB Financial Group
Recordkeeping fees per participant · SB Financial Group 401(k) · plan year 2024
$5.93
Higher than 5% of the 14,075 plans $10 to 50M that report it.
= $2,015 / 340
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250822133151NAL0002564211001, received 2025-08-22
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250822133151NAL0002564211001, received 2025-08-22
Percentiles compare this plan with the Schedule H plans $10 to 50M 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 2025-08-22.
Administrative expenses excluding investment management, per participant
$5.93
Higher than 3% of the 24,371 plans $10 to 50M that report it.
= $2,015 / 340
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250822133151NAL0002564211001, received 2025-08-22
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250822133151NAL0002564211001, received 2025-08-22
Administrative expenses per participant
$269.87
Higher than 66% of the 25,098 plans $10 to 50M that report it.
= $91,757 / 340
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250822133151NAL0002564211001, received 2025-08-22
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250822133151NAL0002564211001, received 2025-08-22
Administrative expenses as a share of assets
0.247%
Higher than 43% of the 25,132 plans $10 to 50M that report it.
= $91,757 / $37,079,847
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250822133151NAL0002564211001, received 2025-08-22
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250822133151NAL0002564211001, received 2025-08-22
Employer contributions per participant
$1,936
Higher than 46% of the 24,050 plans $10 to 50M that report it.
= $658,239 / 340
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250822133151NAL0002564211001, received 2025-08-22
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250822133151NAL0002564211001, received 2025-08-22
Employer share of total contributions
30.3%
Higher than 59% of the 24,084 plans $10 to 50M that report it.
= $658,239 / $2,171,902
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250822133151NAL0002564211001, received 2025-08-22
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250822133151NAL0002564211001, received 2025-08-22
Plan terms are described in SB Financial Group's SEC filings: Form 10-K filed 2026-03-06. No term could be quoted from them with the required precision.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250822133151NAL0002564211001, received 2025-08-22
| Field | Value | Source |
|---|---|---|
| Plan sponsor | SB FINANCIAL GROUP | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250822133151NAL0002564211001, received 2025-08-22 |
| Plan name | SB FINANCIAL GROUP 401(K) | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250822133151NAL0002564211001, received 2025-08-22 |
| Sponsor EIN / plan number | 34-1395608 / 003 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250822133151NAL0002564211001, received 2025-08-22 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250822133151NAL0002564211001, received 2025-08-22 |
| Sponsor location | DEFIANCE, OH | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250822133151NAL0002564211001, received 2025-08-22 |
| Industry (business code) | 522110, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250822133151NAL0002564211001, received 2025-08-22 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250822133151NAL0002564211001, received 2025-08-22 |
| Filing received | 2025-08-22 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250822133151NAL0002564211001, received 2025-08-22 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250822133151NAL0002564211001, received 2025-08-22 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250822133151NAL0002564211001, received 2025-08-22 |
| Participants, beginning of year | 353 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250822133151NAL0002564211001, received 2025-08-22 |
| Active participants | 229 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250822133151NAL0002564211001, received 2025-08-22 |
| Participants, end of year | 353 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250822133151NAL0002564211001, received 2025-08-22 |
| Participants with an account balance | 340 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250822133151NAL0002564211001, received 2025-08-22 |
| Total assets, beginning of year | $32,349,038 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250822133151NAL0002564211001, received 2025-08-22 |
| Total assets, end of year | $37,079,847 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250822133151NAL0002564211001, received 2025-08-22 |
| Net assets, end of year | $37,079,847 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250822133151NAL0002564211001, received 2025-08-22 |
| Total income | $6,505,152 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250822133151NAL0002564211001, received 2025-08-22 |
| Net income | $4,706,582 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250822133151NAL0002564211001, received 2025-08-22 |
| Employer contributions | $658,239 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250822133151NAL0002564211001, received 2025-08-22 |
| Participant contributions | $1,340,880 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250822133151NAL0002564211001, received 2025-08-22 |
| Other contributions (incl. rollovers) | $172,783 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250822133151NAL0002564211001, received 2025-08-22 |
| Total contributions | $2,171,902 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250822133151NAL0002564211001, received 2025-08-22 |
| Benefit payments | $1,706,813 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250822133151NAL0002564211001, received 2025-08-22 |
| Total expenses (incl. benefit payments) | $1,798,570 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250822133151NAL0002564211001, received 2025-08-22 |
| Total administrative expenses | $91,757 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250822133151NAL0002564211001, received 2025-08-22 |
| Recordkeeping fees | $2,015 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250822133151NAL0002564211001, received 2025-08-22 |
| Investment advisory and management fees | $89,742 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250822133151NAL0002564211001, received 2025-08-22 |
| Administrative expenses excluding investment management | $2,015 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250822133151NAL0002564211001, received 2025-08-22 |
| Held in mutual funds | $35,713,932 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250822133151NAL0002564211001, received 2025-08-22 |
| Independent auditor | FORVIS MAZARS, LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250822133151NAL0002564211001, received 2025-08-22 |
Position = column in the DOL layout for form year 2024. Filing 20250822133151NAL0002564211001, received 2025-08-22.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| STATE BANK AND TRUST COMPANY | NONE | 24 Trustee (discretionary); 27 Investment advisory (plan); 50 Direct payment from the plan | $89,742 | no |
| USI CONSULTING GROUP, INC. | NONE | 13 Contract administrator; 50 Direct payment from the plan; 60 Sub-transfer agency fees | $2,015 | yes |
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 20250822133151NAL0002564211001, received 2025-08-22.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $32,349,038 | $37,079,847 | 14.6% |
| Participants with a balance | 338 | 340 | 0.6% |
| Administrative expenses | $86,569 | $91,757 | 6.0% |
| Recordkeeping fees per participant | $12.05 | $5.93 | -50.8% |
| Employer contributions | $623,674 | $658,239 | 5.5% |
Prior filing 20240722154930NAL0010770865001, received 2024-07-22; the plan years are contiguous.
Sponsor name as filed: SB FINANCIAL GROUP; SEC registrant: SB FINANCIAL GROUP, INC. (CIK 767405, matched by EIN).