Employers › Riverview Bancorp Inc.
Recordkeeping fees per participant · Riverview Bancorp Inc. Employees' Savings & Profit Sharing Plan and Trust · plan year 2024
$154.02
Higher than 79% of the 14,075 plans $10 to 50M that report it.
= $43,125 / 280
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250805165631NAL0002681136001, received 2025-08-05
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250805165631NAL0002681136001, received 2025-08-05
Percentiles compare this plan with the Schedule H plans $10 to 50M 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 2025-08-05.
Administrative expenses excluding investment management, per participant
$288.06
Higher than 85% of the 24,371 plans $10 to 50M that report it.
= $80,656 / 280
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250805165631NAL0002681136001, received 2025-08-05
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250805165631NAL0002681136001, received 2025-08-05
Administrative expenses per participant
$354.17
Higher than 80% of the 25,098 plans $10 to 50M that report it.
= $99,167 / 280
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250805165631NAL0002681136001, received 2025-08-05
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250805165631NAL0002681136001, received 2025-08-05
Administrative expenses as a share of assets
0.364%
Higher than 63% of the 25,132 plans $10 to 50M that report it.
= $99,167 / $27,220,761
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250805165631NAL0002681136001, received 2025-08-05
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250805165631NAL0002681136001, received 2025-08-05
Employer contributions per participant
$2,000
Higher than 48% of the 24,050 plans $10 to 50M that report it.
= $559,917 / 280
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250805165631NAL0002681136001, received 2025-08-05
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250805165631NAL0002681136001, received 2025-08-05
Employer share of total contributions
33.3%
Higher than 70% of the 24,084 plans $10 to 50M that report it.
= $559,917 / $1,680,043
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250805165631NAL0002681136001, received 2025-08-05
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250805165631NAL0002681136001, received 2025-08-05
Plan terms are described in Riverview Bancorp, Inc. 's SEC filings: Form 10-K filed 2026-06-12. 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 · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3H controlled-group sponsor · 2O ESOP-related feature · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250805165631NAL0002681136001, received 2025-08-05
| Field | Value | Source |
|---|---|---|
| Plan sponsor | RIVERVIEW BANCORP INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250805165631NAL0002681136001, received 2025-08-05 |
| Plan name | RIVERVIEW BANCORP INC. EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250805165631NAL0002681136001, received 2025-08-05 |
| Sponsor EIN / plan number | 91-1838969 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250805165631NAL0002681136001, received 2025-08-05 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250805165631NAL0002681136001, received 2025-08-05 |
| Sponsor location | VANCOUVER, WA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250805165631NAL0002681136001, received 2025-08-05 |
| Industry (business code) | 522120, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250805165631NAL0002681136001, received 2025-08-05 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250805165631NAL0002681136001, received 2025-08-05 |
| Filing received | 2025-08-05 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250805165631NAL0002681136001, received 2025-08-05 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250805165631NAL0002681136001, received 2025-08-05 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250805165631NAL0002681136001, received 2025-08-05 |
| Participants, beginning of year | 367 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250805165631NAL0002681136001, received 2025-08-05 |
| Active participants | 230 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250805165631NAL0002681136001, received 2025-08-05 |
| Participants, end of year | 346 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250805165631NAL0002681136001, received 2025-08-05 |
| Participants with an account balance | 280 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250805165631NAL0002681136001, received 2025-08-05 |
| Total assets, beginning of year | $25,817,919 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250805165631NAL0002681136001, received 2025-08-05 |
| Total assets, end of year | $27,220,761 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250805165631NAL0002681136001, received 2025-08-05 |
| Net assets, end of year | $27,220,761 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250805165631NAL0002681136001, received 2025-08-05 |
| Total income | $4,752,253 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250805165631NAL0002681136001, received 2025-08-05 |
| Net income | $1,402,842 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250805165631NAL0002681136001, received 2025-08-05 |
| Employer contributions | $559,917 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250805165631NAL0002681136001, received 2025-08-05 |
| Participant contributions | $1,104,367 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250805165631NAL0002681136001, received 2025-08-05 |
| Other contributions (incl. rollovers) | $15,759 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250805165631NAL0002681136001, received 2025-08-05 |
| Total contributions | $1,680,043 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250805165631NAL0002681136001, received 2025-08-05 |
| Benefit payments | $3,250,244 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250805165631NAL0002681136001, received 2025-08-05 |
| Total expenses (incl. benefit payments) | $3,349,411 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250805165631NAL0002681136001, received 2025-08-05 |
| Total administrative expenses | $99,167 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250805165631NAL0002681136001, received 2025-08-05 |
| Contract administrator fees | $37,531 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250805165631NAL0002681136001, received 2025-08-05 |
| Recordkeeping fees | $43,125 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250805165631NAL0002681136001, received 2025-08-05 |
| Investment advisory and management fees | $18,511 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250805165631NAL0002681136001, received 2025-08-05 |
| Administrative expenses excluding investment management | $80,656 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250805165631NAL0002681136001, received 2025-08-05 |
| Held in common/collective trusts | $25,608,443 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250805165631NAL0002681136001, received 2025-08-05 |
| Independent auditor | WORTHY & COMPANY, LLC | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250805165631NAL0002681136001, received 2025-08-05 |
Position = column in the DOL layout for form year 2024. Filing 20250805165631NAL0002681136001, received 2025-08-05.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANYrecordkeeper | RECORDKEEPER | 64 Recordkeeping fees | $41,830 | yes |
| PENTEGRA SERVICES, INC. | CONTRACT ADMIN | 13 Contract administrator | $37,531 | no |
| MORGAN STANLEY | INVESTMENT MANAGER | 27 Investment advisory (plan) | $18,511 | 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 20250805165631NAL0002681136001, received 2025-08-05.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $25,817,919 | $27,220,761 | 5.4% |
| Participants with a balance | 280 | 280 | 0.0% |
| Administrative expenses | $77,390 | $99,167 | 28.1% |
| Recordkeeping fees per participant | $276.39 | $154.02 | -44.3% |
| Employer contributions | $504,534 | $559,917 | 11.0% |
Prior filing 20241011160835NAL0012738675001, received 2024-10-11; the plan years are contiguous.
Sponsor name as filed: RIVERVIEW BANCORP INC.; SEC registrant: RIVERVIEW BANCORP INC (CIK 1041368, matched by EIN; display name from the Form 10-K cover).