Plan Ledger DOL Form 5500 · updated monthly

Park Bank401(k)

PARK BANK 401(K) PLAN · MADISON, WI · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Park Bank reported $84,489 in plan administrative expenses for 2024: 0.35% of average plan assets, above the peer median. Employer contributions averaged $4,150 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 2 years on file its reported administrative ratio rose from 0.33% to 0.35%. 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 the 727th-largest of 1,936 plans among Wisconsin employers on file, and 2,692nd of 4,798 in finance & insurance. In 2024, employees put in $1.67 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$25,197,512
Participants with balances204
Active participants151
Employer contributions$626,611
Employee contributions$1,047,254
Employer contribution per active participant$4,150
Average account balance$123,517
Benefits paid to participants$3,213,961
Plan auditUnmodified (clean) audit opinion
AuditorKMA S.C
Plan history3
Yearassets · accounts · employer contribution
2024$25.2M · 204 accts · $627K emplr
2023$23.2M · 223 accts · $687K emplr
2022$20.3M · 215 accts · $440K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$84,489
Total administrative$84,489
The Park Bank 401(k) match · 2024
Employer contribution per active participant$4,150
Median for plans this size$2,416
2024$4,150 per active participant
2023$4,377 per active participant
2022$2,841 per active participant

Park Bank's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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 · 20244
PARK CAPITAL MANAGEMENT LLC · Investment advisory (plan)$48,353
EMPOWER ADVISORY GROUP, LLC · Investment management$8,905
PEAK RETIREMENT GROUP · Contract administrator$3,248

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$84,489 · 0.35%
2023$74,540 · 0.34%
2022$72,858 · 0.33%
Same employer
Similar plansFinance & Insurance · Wisconsin
Peoples State Bank WI$26.4M · 0.26%
Monona Bank WI$26.3M · 0.38%
Cib Marine Bancshares, Inc. WI$24.5M · 0.18%
Waterstone Bank Ssb WI$24.5M · 0.00%
Knight Barry Title, Inc. WI$24.2M · 0.73%
Citizens Community Federal WI$24.1M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 391076859 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.