Plan Ledger DOL Form 5500 · updated monthly

Woodtrust Bank401(k)

WOODTRUST BANK 401(K) PROFIT SHARING PLAN · WISCONSIN RAPIDS, WI · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Woodtrust Bank reported $14,703 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,910 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 0.043% to 0.035%. 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 458th-largest of 1,936 plans among Wisconsin employers on file, and the 1,829th of 4,798 in finance & insurance. In 2024, employees put in $1.85 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$44,184,142
Participants with balances127
Active participants89
Employer contributions$437,029
Employee contributions$807,749
Employer contribution per active participant$4,910
Average account balance$347,907
Benefits paid to participants$1,569,012
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$44.2M · 127 accts · $437K emplr
2023$39.0M · 126 accts · $441K emplr
2022$32.4M · 125 accts · $438K emplr
Administrative expenses, itemized · 2024
Investment management$5,568
Audit (IQPA)$9,135
Total administrative$14,703
The Woodtrust Bank 401(k) match · 2024
Employer contribution per active participant$4,910
Median for plans this size$2,416
2024$4,910 per active participant
2023$5,006 per active participant
2022$4,562 per active participant

Woodtrust 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 · 20241
CLIFTONLARSONALLEN LLP · Accounting / audit$8,308

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$14,703 · 0.04%
2023$13,376 · 0.04%
2022$14,750 · 0.04%
Similar plansFinance & Insurance · Wisconsin
Horicon Bank WI$46.6M · 0.30%
Trust Point Inc WI$44.9M · 0.04%
Tricor, LLC WI$42.6M · 0.01%
Marine Credit Union WI$37.3M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 390720440 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.