Bremer Financial 401(k) match, vesting and fees
What Bremer Financial's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Schwab Retirement Plan Services,inc | Schedule C ↗ |
| Independent auditor | Eide Bailly (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 673 defined-contribution plans in finance and insurance with 1,000 to 4,999 participants.
| Bremer Financial: employer contribution per participant | $3,313 | |
| Peer median | $2,966 |
| Bremer Financial: average balance | $175,620 | |
| Peer median | $104,792 |
| Bremer Financial: admin expenses ÷ assets | 0.14% | |
| Peer median | 0.10% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $334M at the end of plan year 2023 to $346M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 2,003 | $346M | $6.5M | $3,313 | 0.14% | Not published | Form 5500 ↗ |
| 2023 | 2,061 | $334M | $6.2M | $3,045 | 0.14% | Not published | Form 5500 ↗ |
Other Bremer Financial plans (2)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Bremer Financial Corporation Employee Stock Ownership Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Eide Bailly (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Retirement · Active | Form 5500 ↗ |
Bremer Retirement Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Eide Bailly LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does Bremer Financial match 401(k) contributions?
The match terms for the Bremer 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $6.5M in employer contributions, about $3,313 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Bremer Financial 401(k) match vested?
The vesting schedule for the Bremer 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Bremer Financial 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Schwab Retirement Plan Services,inc. The plan administrator is Bremer Bank, N.A..
I left Bremer Financial. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Bremer Bank, N.A., (651) 702-2864) or the recordkeeper, Schwab Retirement Plan Services,inc. The Bremer Financial old 401(k) page lists the contacts from every plan filing. Find an old Bremer Financial 401(k)
Data from the public Form 5500 annual reports Bremer Financial filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Bremer Financial. Not financial advice. Report a correction · Methodology