Plan Ledger DOL Form 5500 · updated monthly

Peoples National Bank of Kewanee401(k)

PEOPLES NATIONAL BANK OF KEWANEE PROFIT SHARING PLAN · KEWANEE, IL · plan year 2024

Employer contribution per participant · 2024
$3,180

Peoples National Bank of Kewanee'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 $11,366,853 across 122 participant accounts, with employer contributions averaging $3,180 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 Illinois (2,273rd of 3,702), and 3,855th of 4,798 in finance & insurance. In 2024, the employer put in $13.45 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$11,366,853
Participants with balances122
Active participants83
Employer contributions$263,959
Employee contributions$19,628
Employer contribution per active participant$3,180
Average account balance$93,171
Benefits paid to participants$292,210
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI LLP
Plan history3
Yearassets · accounts · employer contribution
2024$11.4M · 122 accts · $264K emplr
2023$10.3M · 125 accts · $263K emplr
2022$10.5M · 128 accts · $251K emplr
The Peoples National Bank of Kewanee 401(k) match · 2024
Employer contribution per active participant$3,180
Median for plans this size$2,416
2024$3,180 per active participant
2023$2,953 per active participant
2022$2,881 per active participant

Peoples National Bank of Kewanee'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.

Administrative cost history3
2024Not separately reported
2023Not separately reported
2022Not separately reported
Similar plansFinance & Insurance · Illinois
Maestro Health, Inc. IL$11.8M · 0.15%
Wacker Services Corp. IL$11.4M · 0.06%
Fortress Bank IL$11.1M · 0.02%
Orion Bancorporation, Inc. IL$10.9M · 0.39%
M1 Holdings Inc. IL$10.6M · 0.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 361614225 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.