Riverview Bancorp 401(k) match, vesting and fees
What Riverview Bancorp'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 | Empower Annuity Insurance Company | Schedule C ↗ |
| Independent auditor | Worthy & Company, LLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 3,409 defined-contribution plans in finance and insurance with 100 to 499 participants.
| Riverview Bancorp: employer contribution per participant | $2,000 | |
| Peer median | $2,868 |
| Riverview Bancorp: average balance | $97,217 | |
| Peer median | $95,281 |
| Riverview Bancorp: admin expenses ÷ assets | 0.37% | |
| Peer median | 0.22% |
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 $27.2M at the end of plan year 2021 to $27.2M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 346 | $27.2M | $560K | $2,000 | 0.37% | Not published | Form 5500 ↗ |
| 2023 | 359 | $25.8M | $505K | $1,802 | 0.32% | Not published | Form 5500 ↗ |
| 2022 | 362 | $22.5M | $519K | $1,848 | 0.43% | Not published | Form 5500 ↗ |
| 2021 | 340 | $27.2M | $535K | $1,973 | 0.47% | Not published | Form 5500 ↗ |
Other Riverview Bancorp plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Riverview Bancorp, Inc. 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 | Worthy & Company, LLC (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Retirement · Active | Form 5500 ↗ |
Common questions
Does Riverview Bancorp match 401(k) contributions?
The match terms for the Riverview Bancorp Inc. Employees' Savings & Profit Sharing Plan and Trust have not been published from its filing yet. The plan year 2024 filing reports $560K in employer contributions, about $2,000 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Riverview Bancorp 401(k) match vested?
The vesting schedule for the Riverview Bancorp Inc. Employees' Savings & Profit Sharing Plan and Trust is not in the data published so far. Your Summary Plan Description states it.
Who manages the Riverview Bancorp 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Insurance Company. The plan administrator is Riverview Bancorp Inc..
I left Riverview Bancorp. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Riverview Bancorp Inc., (360) 834-2231) or the recordkeeper, Empower Annuity Insurance Company. The Riverview Bancorp old 401(k) page lists the contacts from every plan filing. Find an old Riverview Bancorp 401(k)
Data from the public Form 5500 annual reports Riverview Bancorp 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 Riverview Bancorp. Not financial advice. Report a correction · Methodology