Plan Ledger DOL Form 5500 · updated monthly

Waseca Bancshares401(k)

WASECA BANCSHARES RETIREMENT SAVINGS & INVESTMENT PLAN · WASECA, MN · plan year 2022

Reported admin expense ratio · 2022
0.54%

Waseca Bancshares reported $67,824 in plan administrative expenses for 2022: 0.54% of average plan assets, higher than ~75% of peers. 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.

The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Minnesota (1,578th of 1,918), and 4,441st of 4,798 in finance & insurance. In 2022, employees put in $6.67 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,138,917
Participants with balances84
Active participants0
Employer contributions$136,531
Employee contributions$910,307
Employer contribution per active participant—
Average account balance$61,178
Benefits paid to participants$12,978,197
Plan auditUnmodified (clean) audit opinion
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$27,455
Investment management$40,369
Total administrative$67,824
What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$67,824 · 0.54%
Similar plansFinance & Insurance · Minnesota
Nexben, Inc. MN$5.6M · 0.29%
Cherry Technologies Inc. CA$5.2M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411580660 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.