Employers › Northwest Bancshares
Recordkeeping fees per participant · Northwest Bank 401(k) Plan · plan year 2024
$49.09
Higher than 49% of the 1,697 plans $250M to 1B that report it.
= $120,577 / 2,456
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250715144549NAL0004977602001, received 2025-07-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250715144549NAL0004977602001, received 2025-07-15
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 2025-07-15.
Administrative expenses excluding investment management, per participant
$103.44
Higher than 77% of the 2,324 plans $250M to 1B that report it.
= $254,058 / 2,456
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250715144549NAL0004977602001, received 2025-07-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250715144549NAL0004977602001, received 2025-07-15
Administrative expenses per participant
$103.44
Higher than 61% of the 2,405 plans $250M to 1B that report it.
= $254,058 / 2,456
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250715144549NAL0004977602001, received 2025-07-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250715144549NAL0004977602001, received 2025-07-15
Administrative expenses as a share of assets
0.098%
Higher than 65% of the 2,407 plans $250M to 1B that report it.
= $254,058 / $259,436,274
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250715144549NAL0004977602001, received 2025-07-15
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250715144549NAL0004977602001, received 2025-07-15
Employer contributions per participant
$1,931
Higher than 25% of the 2,457 plans $250M to 1B that report it.
= $4,741,663 / 2,456
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250715144549NAL0004977602001, received 2025-07-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250715144549NAL0004977602001, received 2025-07-15
Employer share of total contributions
27.0%
Higher than 37% of the 2,459 plans $250M to 1B that report it.
= $4,741,663 / $17,544,222
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250715144549NAL0004977602001, received 2025-07-15
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250715144549NAL0004977602001, received 2025-07-15
Employer match
“We provide a matching contribution of 100% of each employee’s contribution to a maximum of 4% of the employee’s eligible bi-weekly compensation.”
Form 10-K filed 2026-02-25, for the year ended 2025-12-31 · benefits note, 10-K benefits note · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 2O ESOP-related feature · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250715144549NAL0004977602001, received 2025-07-15
| Field | Value | Source |
|---|---|---|
| Plan sponsor | NORTHWEST BANK | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250715144549NAL0004977602001, received 2025-07-15 |
| Plan name | NORTHWEST BANK 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250715144549NAL0004977602001, received 2025-07-15 |
| Sponsor EIN / plan number | 23-2790930 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250715144549NAL0004977602001, received 2025-07-15 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250715144549NAL0004977602001, received 2025-07-15 |
| Sponsor location | WARREN, PA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250715144549NAL0004977602001, received 2025-07-15 |
| Industry (business code) | 522120, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250715144549NAL0004977602001, received 2025-07-15 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250715144549NAL0004977602001, received 2025-07-15 |
| Filing received | 2025-07-15 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250715144549NAL0004977602001, received 2025-07-15 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250715144549NAL0004977602001, received 2025-07-15 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250715144549NAL0004977602001, received 2025-07-15 |
| Participants, beginning of year | 3,425 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250715144549NAL0004977602001, received 2025-07-15 |
| Active participants | 2,032 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250715144549NAL0004977602001, received 2025-07-15 |
| Participants, end of year | 2,920 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250715144549NAL0004977602001, received 2025-07-15 |
| Participants with an account balance | 2,456 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250715144549NAL0004977602001, received 2025-07-15 |
| Total assets, beginning of year | $248,514,576 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250715144549NAL0004977602001, received 2025-07-15 |
| Total assets, end of year | $259,436,274 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250715144549NAL0004977602001, received 2025-07-15 |
| Net assets, end of year | $259,436,274 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250715144549NAL0004977602001, received 2025-07-15 |
| Total income | $47,572,035 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250715144549NAL0004977602001, received 2025-07-15 |
| Net income | $10,921,698 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250715144549NAL0004977602001, received 2025-07-15 |
| Employer contributions | $4,741,663 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250715144549NAL0004977602001, received 2025-07-15 |
| Participant contributions | $10,310,230 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250715144549NAL0004977602001, received 2025-07-15 |
| Other contributions (incl. rollovers) | $2,492,329 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250715144549NAL0004977602001, received 2025-07-15 |
| Total contributions | $17,544,222 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250715144549NAL0004977602001, received 2025-07-15 |
| Benefit payments | $36,396,203 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250715144549NAL0004977602001, received 2025-07-15 |
| Total expenses (incl. benefit payments) | $36,650,337 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250715144549NAL0004977602001, received 2025-07-15 |
| Total administrative expenses | $254,058 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250715144549NAL0004977602001, received 2025-07-15 |
| Recordkeeping fees | $120,577 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250715144549NAL0004977602001, received 2025-07-15 |
| Administrative expenses excluding investment management | $254,058 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250715144549NAL0004977602001, received 2025-07-15 |
| Held in common/collective trusts | $114,767,957 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250715144549NAL0004977602001, received 2025-07-15 |
| Held in mutual funds | $77,209,844 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250715144549NAL0004977602001, received 2025-07-15 |
| Independent auditor | FREED MAXICK, P.C. | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250715144549NAL0004977602001, received 2025-07-15 |
Position = column in the DOL layout for form year 2024. Filing 20250715144549NAL0004977602001, received 2025-07-15.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| NORTHWEST BANK | NONE | 21 Trustee (bank, trust company or similar); 25 Trustee (directed) | $133,481 | no |
| EPIC RETIREMENT PLAN SERVICESrecordkeeper | NONE | 15 Recordkeeping and information management; 37 Participant loan processing; 38 Participant communication | $120,577 | yes |
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 20250715144549NAL0004977602001, received 2025-07-15.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $248,514,576 | $259,436,274 | 4.4% |
| Participants with a balance | 2,963 | 2,456 | -17.1% |
| Administrative expenses | $234,263 | $254,058 | 8.4% |
| Recordkeeping fees per participant | $29.15 | $49.09 | 68.4% |
| Employer contributions | $4,523,771 | $4,741,663 | 4.8% |
Prior filing 20240716142602NAL0005706162001, received 2024-07-16; the plan years are contiguous.
Sponsor name as filed: NORTHWEST BANK; SEC registrant: Northwest Bancshares, Inc. (CIK 1471265, matched by 11-K plan title; display name from the Form 11-K cover).