# Deerwood Bank 401(k) Plan
Source: https://planprovider.pro/companies/deerwood-bank-401k-plan

> Deerwood Bank's 401(k) plan: 177 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|—|—|

## Similar Plans

- [Premier Banks Retirement Fund](https://planprovider.pro/companies/board-of-trustees-of-the-premier-bank-retirement-fund-401k-plan) — 187 participants

- [Park Financial Group, INC.](https://planprovider.pro/companies/park-financial-group-inc-401k-plan) — 149 participants

- [Tradition Capital Bank](https://planprovider.pro/companies/tradition-capital-bank-401k-plan) — 146 participants

- [Forstrom Bancorporation INC.](https://planprovider.pro/companies/forstrom-bancorporation-inc-401k-plan) — 218 participants

- [United Bankers Bancorporation, INC.](https://planprovider.pro/companies/united-bankers-bancorporation-inc-401k-plan-001) — 128 participants

- [Citizens Bank Group INC.](https://planprovider.pro/companies/citizens-bank-group-inc-401k-plan) — 127 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/deerwood-bank-401k-plan)

© 2026 PlanProvider.Pro