What are the fees in the Blackhawk Bank 401(k) plan?

For plan year 2022, Blackhawk Bank reported $52,658 in plan administrative expenses, or 0.25% of average plan assets — below the peer median. Fund-level expense ratios are not included in public filings.

What is the Blackhawk Bank 401(k) match?

In 2022, employer contributions to the Blackhawk Bank plan averaged $2,785 per active participant, above the $2,266 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the Blackhawk Bank 401(k)?

The average participant account balance was $53,387 for plan year 2022, based on 347 accounts.

Blackhawk Bank401(k)

Name: Blackhawk Bank 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

BLACKHAWK BANK RETIREMENT PLAN · BELOIT, WI · plan year 2022

Reported admin expense ratio · 2022

0.25%

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

Blackhawk Bank reported $52,658 in plan administrative expenses for 2022: 0.25% of average plan assets, below the peer median. Employer contributions averaged $2,785 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.

The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other finance & insurance employers. By assets it is the 908th-largest of 1,936 plans among Wisconsin employers on file, and 3,197th of 4,798 in finance & insurance. In 2022, employees put in $2.20 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$18,525,227
Participants with balances347
Active participants243
Employer contributions$676,818
Employee contributions$1,488,556
Employer contribution per active participant$2,785
Average account balance$53,387
Benefits paid to participants$2,939,619
Plan auditUnmodified (clean) audit opinion
AuditorBENNING GROUP, LLC

Administrative expenses, itemized · 2022

Recordkeeping & contract admin$34,680

Investment management$17,978

Total administrative$52,658

The Blackhawk Bank 401(k) match · 2022

Employer contribution per active participant$2,785

Median for plans this size$2,266

Blackhawk Bank's 2022 employer contribution ran above the $2,266 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

Your balance

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1

2022$52,658 · 0.25%

Same employer

Blackhawk Bank's health & benefits plan: carriers, premiums & broker pay

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Source: U.S. Department of Labor, Form 5500 series, EIN 390159130 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.