Department of Labor filing

PARKWAY BANCORP, INC.

PARKWAY BANCORP, INC. 401(K) PLAN · For the plan year ended Dec 31, 2024

Public filing 2024 · received Oct 15, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

37filing 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

$1,815

Reported employer contributions per active participant.

Higher than about 39% of comparable plans

#People in the filing

280

Active participants reported for 2024.

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

¢Visible plan-paid fees

$217 / participant

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

Lower cost than about 31% of comparable plans

↗Investment performance

Not available

Plan assets changed 10.2%, 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 · 202437out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions39th percentileTypical peer $2,225 · based on 264 comparable plans

Lower reported administrative expense31st percentileTypical peer $140 · based on 273 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, PARKWAY BANCORP, INC. reported $508,114 in employer contributions across the plan and 280 active participants. That works out to $1,815 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 proxy69%

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 23.5%

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

Expense trendDown 9.8%

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

Peer context37/100

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: $508,114
Participant contributions: $962,604
Other contributions: $281,429
Employer share of reported contributions: 34.5%
Beginning assets: $28,885,293
Ending assets: $31,818,057
Ending net assets: $31,778,700
Ending liabilities: $39,357
Total income: $5,148,551
Total expenses: $2,222,536
Administrative expenses: $91,669
Participant loans: $589,392

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

$1,469

2023

$1,585

2024

$1,815

Plan-paid administrative expenses per participant

2022

$241

2023

$184

2024

$217

Active participants

2022

313

2023

310

2024

280

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$1,815	280	31.8M	20251015104041NAL0002260019001
2023	$1,585	310	28.9M	20241015083242NAL0029026449001
2022	$1,469	313	25.7M	20231016100317NAL0025280147001

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: 1.9%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 362694975-002

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Dec 31, 1994
Industry: Management of companies
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2E2F2G2J2R2S3D3H

Current plan terms

Help fill the gap the filing leaves.

If you have a current SPD, fee disclosure, or enrollment guide, you can share it with us. We check the source and date before adding anything to the profile.

Share a document →

Filing ACK_ID20251015104041NAL0002260019001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗