Department of Labor filing

RIO BANK

RIO BANK EMPLOYEE STOCK OWNERSHIP AND 401(K) PLAN · For the plan year ended Dec 31, 2024

Public filing 2024 · received Sep 30, 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

$3,087

Reported employer contributions per active participant.

Higher than about 45% of comparable plans

#People in the filing

189

Active participants reported for 2024.

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

¢Visible plan-paid fees

$327 / participant

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

Lower cost than about 18% of comparable plans

↗Investment performance

Not available

Plan assets changed 18.0%, 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 contributions45th percentileTypical peer $3,279 · based on 1,427 comparable plans

Lower reported administrative expense18th 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, RIO BANK reported $583,411 in employer contributions across the plan and 189 active participants. That works out to $3,087 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 proxy76%

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 5.8%

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

Expense trendUp 43.4%

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: $583,411
Participant contributions: $792,151
Other contributions: $88,405
Employer share of reported contributions: 42.4%
Beginning assets: $10,953,181
Ending assets: $12,930,209
Ending net assets: $12,914,464
Ending liabilities: $15,745
Total income: $2,663,337
Total expenses: $702,054
Administrative expenses: $79,092
Participant loans: $465,436

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

$2,916

2023

$2,925

2024

$3,087

Plan-paid administrative expenses per participant

2022

$228

2023

$225

2024

$327

Active participants

2022

168

2023

182

2024

189

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$3,087	189	12.9M	20250930163404NAL0012517441001
2023	$2,925	182	11M	20241010075624NAL0009815747001
2022	$2,916	168	9.2M	20231010152049NAL0028536305001

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: 3.6%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 742331408-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Jan 1, 1996
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
2E2F2G2I2J2K2O2P2S2T3I

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
PRINCIPAL LIFE INSURANCE COMPANY	2022	Not reported	unknown

Current plan terms

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Filing ACK_ID20250930163404NAL0012517441001

Data sourceDOL Form 5500 bulk data ↗

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