Bridgewater Bank 401(K) Safe Harbor Plan — Form 5500 plan (Bridgewater Bank)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Bridgewater Bank 401(K) Safe Harbor Plan is a benefit plan reported by Bridgewater Bank under EIN 03-0572894 and plan number 001. The latest loaded filing year is 2023. The filing reports 318 participants and $33,972,884 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Bridgewater Bank
- EIN
- 03-0572894
- Plan number
- 001
- Plan type
- 2
- Location
- St. Louis Park, MN
- Latest filing year
- 2023
- Participants
- 318
- End-of-year plan assets
- $33,972,884
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 318 | H, C | 20240812133740NAL0009505185001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $33,972,884
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $33,972,884
- Net assets (BOY)
- $25,905,270
Income & contributions
- Employer contributions
- $1,795,227
- Participant contributions
- $2,152,417
- Total contributions
- $4,632,930
- Total income / additions
- $9,518,868
Expenses & distributions
- Benefits paid
- $1,354,647
- Administrative expenses
- $96,607
- Total expenses
- $1,451,254
- Net increase / (decrease)
- $8,067,614
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Christensen Group Financial | NONE | $70,936 | not reported in the loaded dataset | 2023 |
| The Vanguard Group, Inc. | NONE | $25,671 | $0 | 2023 |