Department of Labor filing

FORSTROM BANCORPORATION INC.

FORSTROM BANCORPORATION 401(K) PLAN AND TRUST · For the plan year ended Dec 31, 2024

Public filing 2024 · received Oct 14, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

26filing comparison
out of 100

The filing trails many comparable plans on reported employer support and/or plan-paid administrative costs. This is a filing comparison, not a complete benefits score.

$Employer support

$2,024

Reported employer contributions per active participant.

Higher than about 20% of comparable plans

#People in the filing

218

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$228 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 39% of comparable plans

↗Investment performance

Not available

Plan assets changed 15.9%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202426out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions20th percentileTypical peer $3,279 · based on 1,427 comparable plans

Lower reported administrative expense39th percentileTypical peer $184 · based on 1,443 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, FORSTROM BANCORPORATION INC. reported $441,161 in employer contributions across the plan and 218 active participants. That works out to $2,024 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy81%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendUp 4.0%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendUp 33.9%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context26/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $441,161
Participant contributions: $1,009,449
Other contributions: $96,409
Employer share of reported contributions: 30.4%
Beginning assets: $14,256,858
Ending assets: $16,521,536
Ending net assets: $16,521,536
Ending liabilities: $0
Total income: $3,285,152
Total expenses: $1,020,474
Administrative expenses: $59,772
Participant loans: Not reported

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$1,946

2023

$1,932

2024

$2,024

Plan-paid administrative expenses per participant

2022

$170

2023

$164

2024

$228

Active participants

2022

184

2023

207

2024

218

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$2,024	218	16.5M	20251014113553NAL0003811376001
2023	$1,932	207	14.3M	20241015112224NAL0014474995001
2022	$1,946	184	11.8M	20231010131419NAL0037141440001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: Not stated in the filing
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Yes
Public plan identifier: 411452688-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Jun 1, 1991
Industry: Finance and insurance
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2E2F2G2J2K2T3D

Reported service providers

Organizations named in the latest filing

The public dataset does not always identify a provider’s exact role. Compensation stays blank when it was not separately reported.

Provider	Plan year	Direct compensation	Indirect compensation
ALLSPRING FUNDS MANAGEMENT LLC	2022	Not reported	unknown
BAILLIE GIFFORD OVERSEAS LTD	2022	Not reported	unknown
BRIDGEWAY CAPITAL MGMT., LLC	2022	Not reported	unknown
CAPITAL RESEARCH & MANAGEMENT CO.	2022	Not reported	unknown
CARILLON TOWER ADVISORS, INC.	2022	Not reported	unknown
COHEN & STEERS CAPITAL MGMT., INC.	2022	Not reported	unknown
DWS INVEST. MGMT. AMERICAS, INC.	2022	Not reported	unknown
FIDELITY MGMT. RESEARCH, INC.	2022	Not reported	unknown
JOHN HANCOCK ADVISERS LLC	2022	Not reported	unknown
JP MORGAN INVESTMT MANAGEMENT, INC.	2022	Not reported	unknown
PACIFIC INVESTMENT MGMT. CO. LLC	2022	Not reported	unknown
PGIM INVESTMENTS LLC	2022	Not reported	unknown
PRINCIPAL MGMT. CORPORATION	2022	Not reported	unknown
PUTNAM INVESTMENT MGMT., LLC	2022	Not reported	unknown
RELIANCE TRUST COMPANY STABLE VALUE	2022	Not reported	unknown
ROBERT W. BAIRD AND CO	2022	Not reported	unknown
SCHRODER INVESTMENT MGMT NA INC	2022	Not reported	unknown
SYSTELLIGENCE	2022	Not reported	unknown
T.ROWE PRICE ASSOCIATES, INC.	2022	Not reported	unknown
THE VANGUARD GROUP, INC.	2022	Not reported	unknown

Current plan terms

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Filing ACK_ID20251014113553NAL0003811376001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗