Plan Ledger DOL Form 5500 · updated monthly

Riverwood Bank401(k)

RIVERWOOD BANK RETIREMENT PLAN · BEMIDJI, MN · plan year 2024

Reported admin expense ratio · 2024
0.18%

Riverwood Bank reported $25,081 in plan administrative expenses for 2024: 0.18% of average plan assets, below the peer median. 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 0.21% to 0.18%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other management of companies employers. By assets it is among the smaller plans on file in Minnesota (1,091st of 1,918), and 498th of 786 in management of companies. In 2024, employees put in $1.12 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,509,932
Participants with balances120
Active participants0
Employer contributions$569,500
Employee contributions$638,889
Employer contribution per active participant—
Average account balance$120,916
Benefits paid to participants$1,171,810
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$0
2024$14.5M · 120 accts · $570K emplr
2023$12.9M · 122 accts · $523K emplr
2022$10.7M · 123 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,081
Total administrative$25,081
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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$25,081
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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

Administrative cost history4
2025Not separately reported
2024$25,081 · 0.18%
2023$24,897 · 0.21%
2022$23,858 · 0.21%
Same employer
Similar plansManagement of Companies · Minnesota
Winmark Corporation MN$22.8M · 0.06%
Curtis Squire, Inc. MN$14.8M · 0.66%
Bsa Worldwide Holdings, LLC MN$14.6M · 0.56%
Nath Companies MN$8.8M · 0.96%
Oliver Companies, Inc. MN$4.4M · 0.54%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410145082 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.