Plan Ledger DOL Form 5500 · updated monthly

Tri-Counties Bank401(k)

TRI-COUNTIES BANK 401(K) PLAN · CHICO, CA · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Tri-Counties Bank reported $179,027 in plan administrative expenses for 2024: 0.24% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,331 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 0.32% to 0.24%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 1,175th-largest of 9,483 plans among California employers on file, and the 1,150th of 4,798 in finance & insurance. In 2024, employees put in $4.83 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$83,136,124
Participants with balances1,301
Active participants1,163
Employer contributions$1,548,218
Employee contributions$7,479,809
Employer contribution per active participant$1,331
Average account balance$63,902
Benefits paid to participants$5,734,629
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$83.1M · 1,301 accts · $1.5M emplr
2023$69.1M · 1,380 accts · $1.7M emplr
2022$56.7M · 1,345 accts · $1.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$179,027
Total administrative$179,027
The Tri-Counties Bank 401(k) match · 2024
Employer contribution per active participant$1,331
Median for plans this size$3,635
2024$1,331 per active participant
2023$1,411 per active participant
2022$1,313 per active participant

Tri-Counties Bank's 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$179,027
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)indirect comp
MOSS ADAMS LLP · Accounting / auditindirect 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$179,027 · 0.24%
2023$166,744 · 0.27%
2022$188,993 · 0.32%
Same employer
Similar plansFinance & Insurance · California
Heritage Commerce Corp CA$87.1M · 0.11%
Oportun, Inc. CA$83.4M · 0.18%
Wideorbit LLC CA$81.4M
Wilshire Advisors LLC CA$79.3M · 0.01%
Doubleline Group LP CA$79.0M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 942261923 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.