Employers › Bremer Financial
Recordkeeping fees per participant · Bremer 401(k) Plan · plan year 2024
$36.10
Higher than 31% of the 1,697 plans $250M to 1B that report it.
= $71,110 / 1,970
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250926144820NAL0013938578001, received 2025-09-26
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250926144820NAL0013938578001, received 2025-09-26
Percentiles compare this plan with the Schedule H plans $250M to 1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-09-26.
Administrative expenses excluding investment management, per participant
$39.40
Higher than 22% of the 2,324 plans $250M to 1B that report it.
= $77,610 / 1,970
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250926144820NAL0013938578001, received 2025-09-26
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250926144820NAL0013938578001, received 2025-09-26
Administrative expenses per participant
$240.31
Higher than 93% of the 2,405 plans $250M to 1B that report it.
= $473,402 / 1,970
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250926144820NAL0013938578001, received 2025-09-26
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250926144820NAL0013938578001, received 2025-09-26
Administrative expenses as a share of assets
0.137%
Higher than 80% of the 2,407 plans $250M to 1B that report it.
= $473,402 / $345,972,094
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250926144820NAL0013938578001, received 2025-09-26
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250926144820NAL0013938578001, received 2025-09-26
Employer contributions per participant
$3,313
Higher than 54% of the 2,457 plans $250M to 1B that report it.
= $6,527,556 / 1,970
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250926144820NAL0013938578001, received 2025-09-26
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250926144820NAL0013938578001, received 2025-09-26
Employer share of total contributions
29.2%
Higher than 44% of the 2,459 plans $250M to 1B that report it.
= $6,527,556 / $22,388,862
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250926144820NAL0013938578001, received 2025-09-26
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250926144820NAL0013938578001, received 2025-09-26
Plan terms are described in Bremer Financial Corporation's SEC filings: Form 10-K filed 2006-03-23. No term could be quoted from them with the required precision.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250926144820NAL0013938578001, received 2025-09-26
| Field | Value | Source |
|---|---|---|
| Plan sponsor | BREMER FINANCIAL CORPORATION | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250926144820NAL0013938578001, received 2025-09-26 |
| Plan name | BREMER 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250926144820NAL0013938578001, received 2025-09-26 |
| Sponsor EIN / plan number | 41-0715583 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250926144820NAL0013938578001, received 2025-09-26 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250926144820NAL0013938578001, received 2025-09-26 |
| Sponsor location | ST. PAUL, MN | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250926144820NAL0013938578001, received 2025-09-26 |
| Industry (business code) | 522110, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250926144820NAL0013938578001, received 2025-09-26 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250926144820NAL0013938578001, received 2025-09-26 |
| Filing received | 2025-09-26 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250926144820NAL0013938578001, received 2025-09-26 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250926144820NAL0013938578001, received 2025-09-26 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250926144820NAL0013938578001, received 2025-09-26 |
| Participants, beginning of year | 2,061 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250926144820NAL0013938578001, received 2025-09-26 |
| Active participants | 1,435 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250926144820NAL0013938578001, received 2025-09-26 |
| Participants, end of year | 2,003 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250926144820NAL0013938578001, received 2025-09-26 |
| Participants with an account balance | 1,970 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250926144820NAL0013938578001, received 2025-09-26 |
| Total assets, beginning of year | $333,865,423 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250926144820NAL0013938578001, received 2025-09-26 |
| Total assets, end of year | $345,972,094 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250926144820NAL0013938578001, received 2025-09-26 |
| Net assets, end of year | $345,972,094 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250926144820NAL0013938578001, received 2025-09-26 |
| Total income | $50,946,735 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250926144820NAL0013938578001, received 2025-09-26 |
| Net income | $12,104,301 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250926144820NAL0013938578001, received 2025-09-26 |
| Employer contributions | $6,527,556 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250926144820NAL0013938578001, received 2025-09-26 |
| Participant contributions | $13,848,723 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250926144820NAL0013938578001, received 2025-09-26 |
| Other contributions (incl. rollovers) | $2,012,583 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250926144820NAL0013938578001, received 2025-09-26 |
| Total contributions | $22,388,862 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250926144820NAL0013938578001, received 2025-09-26 |
| Benefit payments | $38,357,563 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250926144820NAL0013938578001, received 2025-09-26 |
| Total expenses (incl. benefit payments) | $38,842,434 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250926144820NAL0013938578001, received 2025-09-26 |
| Total administrative expenses | $473,402 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250926144820NAL0013938578001, received 2025-09-26 |
| Contract administrator fees | $6,500 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250926144820NAL0013938578001, received 2025-09-26 |
| Recordkeeping fees | $71,110 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250926144820NAL0013938578001, received 2025-09-26 |
| Investment advisory and management fees | $395,792 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250926144820NAL0013938578001, received 2025-09-26 |
| Administrative expenses excluding investment management | $77,610 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250926144820NAL0013938578001, received 2025-09-26 |
| Held in mutual funds | $247,316,698 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250926144820NAL0013938578001, received 2025-09-26 |
| Independent auditor | EIDE BAILLY | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250926144820NAL0013938578001, received 2025-09-26 |
Position = column in the DOL layout for form year 2024. Filing 20250926144820NAL0013938578001, received 2025-09-26.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| SCHWAB RETIREMENT PLAN SERVICES,INCrecordkeeper | NONE | 15 Recordkeeping and information management; 26 Investment advisory (participants); 50 Direct payment from the plan; 64 Recordkeeping fees | $467,068 | no |
| TOWERS WATSON INVESTMENT | NONE | 28 Investment management; 50 Direct payment from the plan | $6,500 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250926144820NAL0013938578001, received 2025-09-26.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $333,865,423 | $345,972,094 | 3.6% |
| Participants with a balance | 2,029 | 1,970 | -2.9% |
| Administrative expenses | $448,164 | $473,402 | 5.6% |
| Recordkeeping fees per participant | $34.65 | $36.10 | 4.2% |
| Employer contributions | $6,177,609 | $6,527,556 | 5.7% |
Prior filing 20241010070532NAL0035155568001, received 2024-10-10; the plan years are contiguous.
Sponsor name as filed: BREMER FINANCIAL CORPORATION; SEC registrant: BREMER FINANCIAL CORP (CIK 846616, matched by EIN).