Plan Snapshot
- Plan Sponsor: Deerwood Bank
- Sponsor EIN: 410216169
- Sponsor Address: 1060 DAKOTA DR., MENDOTA HEIGHTS, MN, 55120
- Plan Type: 401(k)
- Total Participants: 177
- Total Assets: $15.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 177 | $15.7M | $363,957 | $1.2M |
| 2023 | 169 | $13.2M | $263,227 | $957,211 |
| 2022 | 171 | $10.5M | $247,345 | $852,774 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| CLIFTONLARSONALLEN LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $8,558 | $6,393 | $2,165 | — | — |
| 2023 | $30,600 | $30,000 | $600 | — | — |
| 2022 | $36,503 | $34,883 | $1,620 | — | — |