Plan Ledger DOL Form 5500 · updated monthly

Tradition Capital Bank401(k)

TRADITION CAPITAL BANK 401(K) PLAN · EDINA, MN · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Tradition Capital Bank reported $21,989 in plan administrative expenses for 2024: 0.11% of average plan assets, lower than ~75% of peers. Employer contributions averaged $6,236 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 0.10% to 0.11%. 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 884th-largest of 1,918 plans among Minnesota employers on file, and 3,024th of 4,798 in finance & insurance. In 2024, employees put in $1.55 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$20,362,570
Participants with balances171
Active participants146
Employer contributions$910,421
Employee contributions$1,410,149
Employer contribution per active participant$6,236
Average account balance$119,079
Benefits paid to participants$2,915,208
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$20.4M · 171 accts · $910K emplr
2023$18.5M · 164 accts · $797K emplr
2022$14.4M · 160 accts · $665K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,850
Investment management$16,614
Total administrative$21,989
The Tradition Capital Bank 401(k) match · 2024
Employer contribution per active participant$6,236
Median for plans this size$2,416
2024$6,236 per active participant
2023$5,861 per active participant
2022$4,960 per active participant

Tradition Capital 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
LEE CPA GROUP$12,300
TRADITION WEALTH MANAGEMENT LLCindirect comp

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$21,989 · 0.11%
2023$6,835 · 0.04%
2022$14,375 · 0.10%
Same employer
Similar plansFinance & Insurance · Minnesota
Park Financial Group, Inc. MN$22.7M · 0.20%
Preferred Credit, Inc MN$21.8M · 0.50%
Highland Bank MN$19.3M · 0.11%
Driasi MN$19.2M · 0.23%
Catholic United Financial MN$19.0M · 0.04%
Border Bank MN$18.9M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 203063093 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.