Plan Ledger DOL Form 5500 · updated monthly

Abbybank401(k)

ABBYBANK 401(K) PROFIT SHARING PLAN · ABBOTSFORD, WI · plan year 2024

Reported admin expense ratio · 2024
0.22%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

Abbybank reported $24,187 in plan administrative expenses for 2024: 0.22% of average plan assets, below the peer median. Employer contributions averaged $2,778 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio has held roughly steady near 0.22%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Wisconsin (1,175th of 1,936), and 3,780th of 4,798 in finance & insurance. In 2024, employees put in $1.49 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,058,756
Participants with balances114
Active participants108
Employer contributions$300,000
Employee contributions$445,668
Employer contribution per active participant$2,778
Average account balance$105,779
Benefits paid to participants$695,910
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.1M · 114 accts · $300K emplr
2023$10.4M · 112 accts · $266K emplr
2022$10.0M · 121 accts · $333K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,948
Investment management$1,239
Total administrative$24,187
The Abbybank 401(k) match · 2024
Employer contribution per active participant$2,778
Median for plans this size$2,416
2024$2,778 per active participant
2023$2,612 per active participant
2022$3,000 per active participant

Abbybank's 2024 employer contribution ran above the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
LEAFHOUSE FINANCIAL ADVISORS, LLC$5,504
CETERA ADVISOR NETWORKS LLCindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$24,187 · 0.22%
2023$21,377 · 0.21%
2022$26,166 · 0.23%
Same employer
Similar plansFinance & Insurance · Wisconsin
Security Financial Bank WI$13.6M · 0.35%
Hometown Bancorp, LTD. WI$12.2M · 0.41%
Americollect, Inc. WI$12.0M · 0.68%
Fortifi Bank WI$11.9M · 0.22%
Premier Community Bank WI$11.3M · 0.75%
The McClone Agency, Inc. WI$11.2M · 0.55%

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Source: U.S. Department of Labor, Form 5500 series, EIN 391087461 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.