401(k) · DOL Form 5500 · 2022

Bridgewater Bank 401(k) Plan

Data updated 2026-08-25

$26M
Total assets Below avg plan size
220
Participants Below avg headcount
81st
Percentile by assets National rank
$117,751
Avg per participant Below avg balance/head
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Official DOL plan name: Bridgewater Bank 401(k) Safe Harbor Plan · Sponsored by Bridgewater Bank · Minnesota · Finance & Insurance

$26M in assets, 220 participants

Bridgewater Bank's Bridgewater Bank 401(k) Safe Harbor Plan reported $26M in total assets and 220 participants in its 2022 DOL Form 5500 filing, ranking in the 81st percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #6,428 in Finance & Insurance (9,261 peers)

Coverage in Minnesota

Bridgewater Bank 401(k) Safe Harbor Plan covers 220 participants in Minnesota, about 20% of the average Minnesota filer (state average ~1,126 per filing). Assets: $26M.

#6,428
in Finance & Insurance (9,261 peers)
-8.2%
assets change YoY
0.3×
vs typical plan assets (national mean)

The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Bridgewater Bank 401(k) Safe Harbor Plan's outsized position by total assets

Bridgewater Bank 401(k) Safe Harbor Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$25,905,270 Top 19% higher than 81% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Bridgewater Bank 401(k) Safe Harbor Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Bridgewater Bank 401(k) Safe Harbor Plan sits mid-pack in the medium band (220 participants).

DOL schedule card

Filing strip 030572894 · Bridgewater Bank PY 2022 · 401(k)

Bridgewater Bank 401(k) Safe Harbor Plan · $26M · 220 · 81st

  • 5500 $26M
  • 5500 220
  • 5500 81st
  • 5500 401(k)
  • 5500 near Concept 2001, Inc. 401(k) Plan
  • 5500 ind #6428

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Minnesota →

Bridgewater Bank 401(k) Safe Harbor Plan in the asset neighbourhood

Bridgewater Bank 401(k) Safe Harbor PlanBridgewater Bank 401(k) Safe…$26MSterling and Francine Clark Art Institute DC PlanSterling and Francine Clark …$26MConcept 2001, Inc. 401(k) PlanConcept 2001, Inc. 401(k) Pl…$26MProenergy Service 401(k) Plan$26MEct 401(k) Tax-Deferred Savings PlanEct 401(k) Tax-Deferred Savi…$26M
End-of-year total assets ($M) among Bridgewater Bank 401(k) Safe Harbor Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Minnesota filing particulars

Total Assets (Beginning of Year)$28M
Net Assets (End of Year)$26M
Net Income-$2M
Employer EIN030572894
Plan Effective Date2008-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Bridgewater Bank)

Sponsor-wide plan assets over time

All Bridgewater Bank plans reported in each filing year

Latest sponsor-wide plan assets
$42M 61.42634683985151% vs 2022
2024 filing year
$20M$25M$30M$35M$40M$45M 202220232024 $25.9M $41.8M ▲ +61.4%
Year Plans Participants Total Assets
2022 1 220 $26M
2023 1 258 $34M
2024 1 252 $42M

Nearby 401(k) Plans in Minnesota

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Bridgewater Bank 401(k) Safe Harbor Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -505101520 Total assets ($B) Participants Bridgewater Bank 401(k) Safe Harbor Plan, Total assets ($B): 0.02590527 · Participants: 220Bridgewater Bank 401(k) Safe Harbor PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 18.576379778 · Participants: 176886Unitedhealth Group 401(k) Savings PlanMedtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan), Total assets ($B): 12.198295 · Participants: 38825Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan)Target Corporation 401(k) Plan, Total assets ($B): 11.216824857 · Participants: 400422Target Corporation 401(k) Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 11.138527656 · Participants: 371593M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 8.266408521 · Participants: 67646U.S. Bank 401(k) Savings Plan
Bridgewater Bank 401(k) Safe Harbor Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Bridgewater Bank 401(k) Safe Harbor Plan side-by-side with 3 peers →

Bridgewater Bank 401(k) Safe Harbor Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Concept 2001, Inc. 401(k) Plan in SC ($26M); by covered participants it is Barley Snyder Savings Plan in PA (220 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($26M here).

Similar participant headcount

Nearest other-state filings by covered participants (220 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Bridgewater Bank 401(k) Safe Harbor Plan assets move in 2022? ▼
Bridgewater Bank 401(k) Safe Harbor Plan pulled back noticeably - down 8.2% during 2022, from $28M to $26M. Reported net income was -$2M.
How have Bridgewater Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Bridgewater Bank's sponsor-wide assets grew 61.4%, from $26M to $42M.
Where does Bridgewater Bank 401(k) Safe Harbor Plan rank by assets among Form 5500 filers? ▼
Bridgewater Bank 401(k) Safe Harbor Plan ranks in the 81st percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Bridgewater Bank 401(k) Safe Harbor Plan? ▼
Among 401(k) plans in other states, the closest by assets is Concept 2001, Inc. 401(k) Plan in SC ($26M, 2,144 participants).
Which 401(k) plans cover a similar participant headcount to Bridgewater Bank 401(k) Safe Harbor Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Barley Snyder Savings Plan in PA (220 participants, $45M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 030572894.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.