Finlayson Bancshares 401(k) match, vesting and fees
What Finlayson Bancshares' 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 | Benefit Plan Admin Services | 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 398 defined-contribution plans in management of companies and enterprises with 100 to 499 participants.
| Finlayson Bancshares: employer contribution per participant | $1,785 | |
| Peer median | $2,051 |
| Finlayson Bancshares: average balance | $116,494 | |
| Peer median | $71,053 |
| Finlayson Bancshares: admin expenses ÷ assets | 0.19% | |
| Peer median | 0.25% |
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 $33M at the end of plan year 2021 to $28.3M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 247 | $28.3M | $434K | $1,785 | 0.19% | Not published | Form 5500 ↗ |
| 2023 | 242 | $30M | $412K | $1,725 | 0.15% | Not published | Form 5500 ↗ |
| 2022 | 250 | $29.5M | $412K | $1,680 | 0.16% | Not published | Form 5500 ↗ |
| 2021 | 231 | $33M | $390K | $1,743 | 0.16% | Not published | Form 5500 ↗ |
Common questions
Does Finlayson Bancshares match 401(k) contributions?
The match terms for the Finlayson Bancshares, Inc. ESOP With 401k Provisions have not been published from its filing yet. The plan year 2024 filing reports $434K in employer contributions, about $1,785 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Finlayson Bancshares 401(k) match vested?
The vesting schedule for the Finlayson Bancshares, Inc. ESOP With 401k Provisions is not in the data published so far. Your Summary Plan Description states it.
Who manages the Finlayson Bancshares 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Benefit Plan Admin Services. The plan administrator is Finlayson Bancshares, Inc..
I left Finlayson Bancshares. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Finlayson Bancshares, Inc., (320) 233-7575) or the recordkeeper, Benefit Plan Admin Services. The Finlayson Bancshares old 401(k) page lists the contacts from every plan filing. Find an old Finlayson Bancshares 401(k)
Data from the public Form 5500 annual reports Finlayson Bancshares filed with the U.S. Department of Labor (plan years 2021 and 2022 and 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 Finlayson Bancshares. Not financial advice. Report a correction · Methodology