# Royal Bancshares, INC. 401(k) Plan
Source: https://planprovider.pro/companies/royal-bancshares-inc-401k-plan

> Royal Bancshares, INC.'s 401(k) plan: 145 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/olsen-thielen-and-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|

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