401(k) · DOL Form 5500 · 2023

Bridgewater Bank 401(k) Plan

Data updated 2026-08-25

$34M
Total assets Below avg plan size
258
Participants Below avg headcount
81st
Percentile by assets National rank
$131,678
Avg per participant Near 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

$34M in assets, 258 participants

Bridgewater Bank's Bridgewater Bank 401(k) Safe Harbor Plan reported $34M in total assets and 258 participants in its 2023 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.

  • #6,287 in Finance & Insurance (8,869 peers)

Coverage in Minnesota

Bridgewater Bank 401(k) Safe Harbor Plan covers 258 participants in Minnesota, about 23% of the average Minnesota filer (state average ~1,126 per filing). Assets: $34M.

#6,287
in Finance & Insurance (8,869 peers)
+31.1%
assets growth YoY
0.3×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$33,972,884 Top 19% higher than 81% of 127,068 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 2023

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

Plan-year 2023 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 (258 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Bridgewater Bank 401(k) Safe Harbor Plan reported net income rose from -$2M in the plan year 2022 filing to $8M in the plan year 2023 filing.
  • Bridgewater Bank 401(k) Safe Harbor Plan end-of-year assets rose from $26M in the plan year 2022 filing to $34M in the plan year 2023 filing.
  • Bridgewater Bank 401(k) Safe Harbor Plan reported participants rose from 220 in the plan year 2022 filing to 258 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 030572894 · Bridgewater Bank PY 2023 · 401(k)

Bridgewater Bank 401(k) Safe Harbor Plan · $34M · 258 · 81st

  • 5500 $34M
  • 5500 258
  • 5500 81st
  • 5500 401(k)
  • 5500 near Interactions, LLC 401(k) Plan
  • 5500 ind #6287

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…$34MInteractions, LLC 401(k) Plan$34MSamet Corporation 401(k) Profit Sharing PlanSamet Corporation 401(k) Pro…$34MPenn Detroit Diesel Allison, LLC Profit Sharing PlanPenn Detroit Diesel Allison,…$34MSvanaco, Inc. Dba Americaneagle.Com 401(k) PlanSvanaco, Inc. Dba Americanea…$34M
End-of-year total assets ($M) among Bridgewater Bank 401(k) Safe Harbor Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$26M
Net Assets (End of Year)$34M
Net Income$8M
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 -50510152025 Total assets ($B) Participants Bridgewater Bank 401(k) Safe Harbor Plan, Total assets ($B): 0.033972884 · Participants: 258Bridgewater Bank 401(k) Safe Harbor PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 22.432100178 · Participants: 198972Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 13.008265857 · Participants: 432617Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 12.931979 · Participants: 44342Medtronic Savings and Investment Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 12.04661588 · Participants: 360493M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 10.271161911 · Participants: 75272U.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 Interactions, LLC 401(k) Plan in MA ($34M); by covered participants it is Validatek Retirement Savings Plan in VA (258 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (258 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. 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 2023? ▼
Bridgewater Bank 401(k) Safe Harbor Plan surged - up 31.1% during 2023, from $26M to $34M. Reported net income was $8M.
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 127,072 plans that reported assets for plan year 2023 (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 Interactions, LLC 401(k) Plan in MA ($34M, 329 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 Validatek Retirement Savings Plan in VA (258 participants, $23M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.