Plan Ledger DOL Form 5500 · updated monthly

Riverview Bancorp, Inc.401(k)

RIVERVIEW BANCORP INC. EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST · VANCOUVER, WA · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

Riverview Bancorp, Inc. reported $99,167 in plan administrative expenses for 2024: 0.37% of average plan assets, above the peer median. Employer contributions averaged $2,434 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 fell from 0.43% to 0.37%. 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 571st-largest of 1,714 plans among Washington employers on file, and 2,567th of 4,798 in finance & insurance. In 2024, employees put in $1.97 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$27,220,761
Participants with balances280
Active participants230
Employer contributions$559,917
Employee contributions$1,104,367
Employer contribution per active participant$2,434
Average account balance$97,217
Benefits paid to participants$3,250,244
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$27.2M · 280 accts · $560K emplr
2023$25.8M · 280 accts · $505K emplr
2022$22.5M · 281 accts · $519K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$80,656
Investment management$18,511
Total administrative$99,167
The Riverview Bancorp, Inc. 401(k) match · 2024
Employer contribution per active participant$2,434
Median for plans this size$2,416
2024$2,434 per active participant
2023$2,223 per active participant
2022$2,191 per active participant

Riverview 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.

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
PENTEGRA SERVICES, INC. · Contract administrator$37,531
MORGAN STANLEY · Investment advisory (plan)$18,511

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$99,167 · 0.37%
2023$77,390 · 0.32%
2022$107,299 · 0.43%
All plans at this employer2
RIVERVIEW BANCORP INC. EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST401(k)
RIVERVIEW BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
Similar plansFinance & Insurance · Washington
Cashmere Valley Bank WA$30.6M · 0.34%
Moneytree, Inc. WA$30.0M · 0.43%
Hapo Community Credit Union WA$29.7M · 0.55%
Bank of the Pacific WA$25.4M · 0.39%
Seattle Bank WA$21.1M · 0.35%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 911838969 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.