Plan Ledger DOL Form 5500 · updated monthly

Woodlands Bank401(k)

WOODLANDS BANK RETIREMENT AND INVESTMENT PLAN · WILLIAMSPORT, PA · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Woodlands Bank reported $30,527 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $2,208 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 0.31% to 0.28%. 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 among the smaller plans on file in Pennsylvania (2,136th of 3,651), and 3,820th of 4,798 in finance & insurance. In 2024, employees put in $2.25 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,702,153
Participants with balances122
Active participants107
Employer contributions$236,251
Employee contributions$532,698
Employer contribution per active participant$2,208
Average account balance$95,919
Benefits paid to participants$765,665
Plan auditUnmodified (clean) audit opinion
AuditorLARSON, KELLETT & ASSOCIATES, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$11.7M · 122 accts · $236K emplr
2023$10.3M · 117 accts · $233K emplr
2022$8.6M · 122 accts · $219K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,162
Trustee / custodial$29,365
Total administrative$30,527
The Woodlands Bank 401(k) match · 2024
Employer contribution per active participant$2,208
Median for plans this size$2,416
2024$2,208 per active participant
2023$2,244 per active participant
2022$2,007 per active participant

Woodlands Bank's 2024 employer contribution ran below 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 · 20241
ALERUS FINANCIAL, N.A,. · Recordkeeping · Trustee$30,769

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

Recordkeeper by year2
2024Alerus
2023Alerus

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$30,527 · 0.28%
2023$28,627 · 0.30%
2022$30,647 · 0.31%
Similar plansFinance & Insurance · Pennsylvania
Allied Mortgage Group, Inc. PA$13.2M · 0.48%
R&Q Solutions PA$13.1M · 0.18%
Infirst Bank PA$11.5M · 0.18%
William Penn Bank PA$11.3M · 0.02%
Pennian Bank PA$11.3M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 232579286 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.