Plan Ledger DOL Form 5500 · updated monthly

Port Washington State Bank401(k)

PORT WASHINGTON STATE BANK EMPLOYEES' PROFIT SHARING RETIREMENT PLAN · PORT WASHINGTON, WI · plan year 2024

Reported admin expense ratio · 2024
0.46%

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

Port Washington State Bank reported $97,952 in plan administrative expenses for 2024: 0.46% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,940 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 0.46%. 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 784th-largest of 1,936 plans among Wisconsin employers on file, and 2,840th of 4,798 in finance & insurance. In 2024, employees put in $1.41 for every $1.00 the employer contributed; active participation has grown from 99 to 111 since 2022.

Plan summary
Net assets, end of year$22,870,389
Participants with balances138
Active participants111
Employer contributions$548,328
Employee contributions$771,745
Employer contribution per active participant$4,940
Average account balance$165,727
Benefits paid to participants$330,616
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI
Plan history3
Yearassets · accounts · employer contribution
2024$22.9M · 138 accts · $548K emplr
2023$19.4M · 140 accts · $564K emplr
2022$17.5M · 157 accts · $557K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$41,201
Audit (IQPA)$56,751
Total administrative$97,952
The Port Washington State Bank 401(k) match · 2024
Employer contribution per active participant$4,940
Median for plans this size$2,416
2024$4,940 per active participant
2023$5,638 per active participant
2022$5,625 per active participant

Port Washington State 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 · 20243
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$41,201
INDEPENDENT FINANCIAL PARTNERS · Accounting / audit$56,751
CHARLES SCHWAB TRUST COMPANY · Custodial (securities)indirect comp

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

Recordkeeper by year2
2024The Standard
2023The Standard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$97,952 · 0.46%
2023$90,817 · 0.49%
2022$94,077 · 0.49%
Same employer
Similar plansFinance & Insurance · Wisconsin
Knight Barry Title, Inc. WI$24.2M · 0.73%
Citizens Community Federal WI$24.1M · 0.31%
Forward Bank WI$23.1M · 0.36%
Natcom Bancshares, Inc. WI$22.7M · 0.57%
Verve, a Credit Union WI$22.4M · 0.26%
Citizens Bank WI$22.2M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 390545620 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.