Plan Snapshot
- Plan Sponsor: Royal Bancshares, INC.
- Sponsor EIN: 391654381
- Sponsor Address: 202 MAIN STREET, ELROY, WI, 53929
- Plan Type: 401(k)
- Total Participants: 145
- Total Assets: $16.6M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 145 | $16.6M | $374,468 | $406,004 |
| 2023 | 143 | $15.5M | $363,464 | $382,829 |
| 2022 | 146 | $13.9M | $336,785 | $408,936 |
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 |
|---|---|---|---|---|
| OLSEN THIELEN & CO., LTD | Auditor | $15,864 | — | $15,864 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- OLSEN THIELEN & CO., LTD — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $15,864
- Estimated Expense Ratio: 0.096% of plan assets
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 | $84,130 | $25,890 | — | $15,864 | — |
| 2023 | $34,255 | — | — | $12,500 | — |
| 2022 | $34,756 | — | $50 | — | $29,140 |