Retirement plan

ROYAL BANK EMPLOYEE STOCK OWNERSHIP AND RETIREMENT SAVINGS PLAN

Name: ROYAL BANCSHARES, INC. - ROYAL BANK EMPLOYEE STOCK OWNERSHIP AND RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: ROYAL BANCSHARES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ROYAL BANK EMPLOYEE STOCK OWNERSHIP AND RETIREMENT SAVINGS PLAN, ROYAL BANCSHARES, INC.

ROYAL BANCSHARES, INC.EIN 39-1654381Plan #001PY 2024

202 MAIN STREET, P.O. BOX 10 - ELROY, WI 53929608-462-8401royalbankwi.comLinkedIn51-200 employeesbanking

Prospect flagsLow returnsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$16.6M

+7.0% from 2023

Total participants

212

+5.5% from 2023

Average account balance

$92,627

+15.3% from 2023

Annual return

11.50%

+0.68 pp from 2023

Benchmarks

See 2,180 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,180 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$19.58M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$88K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

222

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

98.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$953K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+15.39%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$390

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
STANCORP FINANCIAL GROUP1 year Filed as: STANCORP FINANCIAL Service code 12 · EIN 93-1253576	Claims processing; Recordkeeping and ...	$29,832
RBC WEALTH MANAGEMENT1 year Filed as: RBC CAPITAL MARKETS Service code 26 · EIN 41-1416330	Advisory (Participants)	$25,890
OLSEN THIELEN & CO., LTD.5 years Filed as: OLSON THIELEN & CO., LTD. Service code 10 · EIN 41-1360831	Accounting	$15,864
BANKVALUE ADVISORY SERVICES10+ years Service code 34 1650 W 82ND ST · BLOOMINGTON, MN 55431	Valuation (appraisals, etc.)	$5,400
HOFMEISTER INSURANCE2 years Service code 23 PO BOX 428 · HILLSBORO, WI 54634	Insurance services	$5,000
WIPFLI LLP5 years Service code 13 · EIN 39-0758449	Contract Administrator	$2,144

Plan features & details

Pension benefit codes2E2F2H2J2O2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$84K

$580 / participant

Recordkeeping$32K38.0%
Investment mgmt$26K30.8%
Valuation$5K6.4%
Other / not subdivided$21K24.8%

% of EOY assets

0.507%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: OLSEN THIELEN & CO., LTD
Auditor EIN: 411360831
Audit fees: $15,864
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$92,627

$122,239-24.2%

$184,203-49.7%

$74,495+24.3%

Participation rate

77.2%

85.5%-8.2pp

86.8%-9.6pp

67.2%+10.0pp

Annual return

11.50%

19.95%-8.4pp

28.81%-17.3pp

1364.94%-1353.4pp

Employer contribution / active EE

$2,583

$4,537-43.1%

$6,427-59.8%

$2,623-1.5%

Participant deferral / active EE

$2,800

$7,139-60.8%

$9,131-69.3%

$4,346-35.6%

Admin fee / account holder

$470

$1,260-62.7%

$13,901-96.6%

$1,942-75.8%

Provider

Service type

Compensation

STANCORP FINANCIAL GROUP1 year

Filed as: STANCORP FINANCIAL

Service code 12 · EIN 93-1253576

Claims processing; Recordkeeping and ...

$29,832

RBC WEALTH MANAGEMENT1 year

Filed as: RBC CAPITAL MARKETS

Service code 26 · EIN 41-1416330

Advisory (Participants)

$25,890

OLSEN THIELEN & CO., LTD.5 years

Filed as: OLSON THIELEN & CO., LTD.

Service code 10 · EIN 41-1360831

Accounting

$15,864

BANKVALUE ADVISORY SERVICES10+ years

Service code 34

1650 W 82ND ST · BLOOMINGTON, MN 55431

Valuation (appraisals, etc.)

$5,400

HOFMEISTER INSURANCE2 years

Service code 23

PO BOX 428 · HILLSBORO, WI 54634

Insurance services

$5,000

WIPFLI LLP5 years

Service code 13 · EIN 39-0758449

Contract Administrator

$2,144

ROYAL BANK EMPLOYEE STOCK OWNERSHIP AND RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ROYAL BANK EMPLOYEE STOCK OWNERSHIP AND RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion