Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › Timberland Bank
Timberland Bank 401(k)
- TSBK Nasdaq
- Finance and insurance
- Hoquiam, WA
- EIN 20-5645878
- 1 plan with Schedule H financials
- Plan year 2024
- SEC registrant Timberland Bancorp Inc
Administrative expenses excluding investment management, per participant · Timberland Bank Employee Stock Ownership & 401(k) Plan · plan year 2024
$72.34
Higher than 33% of the 24,371 plans $10 to 50M that report it.
Source
= $29,731 / 411
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20260410143621NAL0017596354001, received 2026-04-10
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20260410143621NAL0017596354001, received 2026-04-10
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 2024-10-01 to 2025-09-30, filing received 2026-04-10.
Cost and contributions
Administrative expenses per participant
$129.54
Higher than 34% of the 25,098 plans $10 to 50M that report it.
Source
= $53,241 / 411
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20260410143621NAL0017596354001, received 2026-04-10
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20260410143621NAL0017596354001, received 2026-04-10
Administrative expenses as a share of assets
0.133%
Higher than 25% of the 25,132 plans $10 to 50M that report it.
Source
= $53,241 / $39,938,057
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20260410143621NAL0017596354001, received 2026-04-10
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20260410143621NAL0017596354001, received 2026-04-10
Employer contributions per participant
$2,642
Higher than 65% of the 24,050 plans $10 to 50M that report it.
Source
= $1,086,067 / 411
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20260410143621NAL0017596354001, received 2026-04-10
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20260410143621NAL0017596354001, received 2026-04-10
Employer share of total contributions
38.7%
Higher than 82% of the 24,084 plans $10 to 50M that report it.
Source
= $1,086,067 / $2,803,488
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20260410143621NAL0017596354001, received 2026-04-10
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20260410143621NAL0017596354001, received 2026-04-10
Plan terms, as stated in Timberland Bank's SEC filings
Eligibility
“However, employees who are at least age 18, but have not been credited with a year of service, are eligible to make 401(k) contributions as of the first day of the month after beginning employment.”
Form 11-K filed 2026-03-27, for the year ended 2025-09-30 · plan description note, eligibility · source document
Vesting
“Vesting in the Company's discretionary contribution portion of accounts and the ESOP, and the actual earnings (losses) thereon, is based on years of credited service.”
Form 11-K filed 2026-03-27, for the year ended 2025-09-30 · plan description note, vesting · source document
Automatic enrollment
“The Plan includes an auto-enrollment provision, whereby all newly eligible employees are automatically enrolled in the Plan unless they affirmatively elect not to participate in the Plan.”
Form 11-K filed 2026-03-27, for the year ended 2025-09-30 · plan description note, contributions · source document
Terms quoted from the filing for the year ended 2025-09-30. Figures cover plan year 2024. The plan document governs.
Plan features
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2I · 2J 401(k) feature · 2P · 2S pre-approved plan document · 2T default investment (QDIA) · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20260410143621NAL0017596354001, received 2026-04-10
Full record, Timberland Bank Employee Stock Ownership & 401(k) Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | TIMBERLAND BANK | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20260410143621NAL0017596354001, received 2026-04-10 |
| Plan name | TIMBERLAND BANK EMPLOYEE STOCK OWNERSHIP & 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20260410143621NAL0017596354001, received 2026-04-10 |
| Sponsor EIN / plan number | 20-5645878 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20260410143621NAL0017596354001, received 2026-04-10 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20260410143621NAL0017596354001, received 2026-04-10 |
| Sponsor location | HOQUIAM, WA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20260410143621NAL0017596354001, received 2026-04-10 |
| Industry (business code) | 522110, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20260410143621NAL0017596354001, received 2026-04-10 |
| Plan year | 2024-10-01 to 2025-09-30 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20260410143621NAL0017596354001, received 2026-04-10 |
| Filing received | 2026-04-10 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20260410143621NAL0017596354001, received 2026-04-10 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20260410143621NAL0017596354001, received 2026-04-10 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20260410143621NAL0017596354001, received 2026-04-10 |
| Participants, beginning of year | 397 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20260410143621NAL0017596354001, received 2026-04-10 |
| Active participants | 274 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20260410143621NAL0017596354001, received 2026-04-10 |
| Participants, end of year | 420 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20260410143621NAL0017596354001, received 2026-04-10 |
| Participants with an account balance | 411 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20260410143621NAL0017596354001, received 2026-04-10 |
| Total assets, beginning of year | $35,216,955 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20260410143621NAL0017596354001, received 2026-04-10 |
| Total assets, end of year | $39,938,057 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20260410143621NAL0017596354001, received 2026-04-10 |
| Net assets, end of year | $39,938,034 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20260410143621NAL0017596354001, received 2026-04-10 |
| Total income | $7,352,373 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20260410143621NAL0017596354001, received 2026-04-10 |
| Net income | $4,721,079 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20260410143621NAL0017596354001, received 2026-04-10 |
| Employer contributions | $1,086,067 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20260410143621NAL0017596354001, received 2026-04-10 |
| Participant contributions | $1,181,463 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20260410143621NAL0017596354001, received 2026-04-10 |
| Other contributions (incl. rollovers) | $535,958 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20260410143621NAL0017596354001, received 2026-04-10 |
| Total contributions | $2,803,488 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20260410143621NAL0017596354001, received 2026-04-10 |
| Benefit payments | $2,578,053 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20260410143621NAL0017596354001, received 2026-04-10 |
| Total expenses (incl. benefit payments) | $2,631,294 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20260410143621NAL0017596354001, received 2026-04-10 |
| Total administrative expenses | $53,241 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20260410143621NAL0017596354001, received 2026-04-10 |
| Contract administrator fees | $29,731 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20260410143621NAL0017596354001, received 2026-04-10 |
| Investment advisory and management fees | $23,510 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20260410143621NAL0017596354001, received 2026-04-10 |
| Administrative expenses excluding investment management | $29,731 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20260410143621NAL0017596354001, received 2026-04-10 |
| Held in mutual funds | $24,540,672 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20260410143621NAL0017596354001, received 2026-04-10 |
| Independent auditor | DELAP LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20260410143621NAL0017596354001, received 2026-04-10 |
Position = column in the DOL layout for form year 2024. Filing 20260410143621NAL0017596354001, received 2026-04-10.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| BALDWIN GROUP WEALTH ADVISORS | INVESTMENT ADVISOR | 26 Investment advisory (participants); 27 Investment advisory (plan); 28 Investment management; 51 Investment management fees paid directly by plan | $31,315 | no |
| AMERICAN TRUST RETIREMENT SERVICESrecordkeeper | RECORD KEEPER | 13 Contract administrator; 15 Recordkeeping and information management; 21 Trustee (bank, trust company or similar); 25 Trustee (directed); 37 Participant loan processing; 64 Recordkeeping fees | $29,731 | 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 20260410143621NAL0017596354001, received 2026-04-10.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $35,216,955 | $39,938,057 | 13.4% |
| Participants with a balance | 386 | 411 | 6.5% |
| Administrative expenses | $90,129 | $53,241 | -40.9% |
| Recordkeeping fees per participant | not reported | not reported | |
| Employer contributions | $1,084,466 | $1,086,067 | 0.1% |
Prior filing 20250424170138NAL0007693969001, received 2025-04-24; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: TIMBERLAND BANK; SEC registrant: TIMBERLAND BANCORP INC (CIK 1046050, matched by 11-K plan title; display name from the Form 11-K cover).