Lake Ridge Bancorp, Inc.ESOP
LAKE RIDGE BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN · WAUNAKEE, WI · plan year 2024
Lake Ridge Bancorp, Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $13,962,096 across 460 participant accounts, with employer contributions averaging $3,865 per active participant. See methodology for what Form 5500 does and doesn't capture.
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 (1,098th of 1,936), and 3,601st of 4,798 in finance & insurance. active participation has shrunk from 365 to 312 since 2022.
Lake Ridge Bancorp, Inc.'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.
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Source: U.S. Department of Labor, Form 5500 series, EIN 391820222 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.