401(k) · DOL Form 5500 · 2024

Bridgewater Bank 401(k) Plan

Data updated 2026-08-25

$42M
Total assets Below avg plan size
252
Participants Below avg headcount
82nd
Percentile by assets National rank
$165,944
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Bridgewater Bank 401(k) Safe Harbor Plan · Sponsored by Bridgewater Bank · Minnesota · Finance & Insurance

$42M in assets, 252 participants

Bridgewater Bank's Bridgewater Bank 401(k) Safe Harbor Plan reported $42M in total assets and 252 participants in its 2024 DOL Form 5500 filing, ranking in the 82nd 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.

  • #6,167 in Finance & Insurance (8,549 peers)

Coverage in Minnesota

Bridgewater Bank 401(k) Safe Harbor Plan covers 252 participants in Minnesota, about 22% of the average Minnesota filer (state average ~1,126 per filing). Assets: $42M.

#6,167
in Finance & Insurance (8,549 peers)
+23.1%
assets growth YoY
0.4×
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 2024 · DOL Form 5500

$41,817,931 Top 18% higher than 82% of 123,620 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 2024

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

Plan-year 2024 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 (252 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Bridgewater Bank 401(k) Safe Harbor Plan end-of-year assets rose from $34M in the plan year 2023 filing to $42M in the plan year 2024 filing.
  • Bridgewater Bank 401(k) Safe Harbor Plan reported net income fell from $8M in the plan year 2023 filing to $8M in the plan year 2024 filing.
  • Bridgewater Bank 401(k) Safe Harbor Plan reported participants fell from 258 in the plan year 2023 filing to 252 in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 030572894 · Bridgewater Bank PY 2024 · 401(k)

Bridgewater Bank 401(k) Safe Harbor Plan · $42M · 252 · 82nd

  • BOY $42M
  • BOY 252
  • BOY 82nd
  • BOY 401(k)
  • BOY near Spectrum Engineers, Inc. 401(k) Plan
  • BOY ind #6167

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

Primera Engineers 401(k) Plan$42MBridgewater Bank 401(k) Safe Harbor PlanBridgewater Bank 401(k) Safe…$42MSpectrum Engineers, Inc. 401(k) PlanSpectrum Engineers, Inc. 401…$42MAyers/Saint/Gross, Inc. 401(k) Profit Sharing PlanAyers/Saint/Gross, Inc. 401(…$42MRobinson Fans Holdings 401(k) & Profit Sharing PlanRobinson Fans Holdings 401(k…$42M
End-of-year total assets ($M) among Bridgewater Bank 401(k) Safe Harbor Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Minnesota filing particulars

Total Assets (Beginning of Year)$34M
Net Assets (End of Year)$42M
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 -20020406080 Total assets ($B) Participants Bridgewater Bank 401(k) Safe Harbor Plan, Total assets ($B): 0.041817931 · Participants: 252Bridgewater Bank 401(k) Safe Harbor PlanWells Fargo & Company 401(k) Plan, Total assets ($B): 57.886997456 · Participants: 179076Wells Fargo & Company 401(k) PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 26.618762181 · Participants: 205460Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 14.419645154 · Participants: 409649Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 13.719378 · Participants: 38480Medtronic Savings and Investment PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 11.442089862 · Participants: 73109U.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 Spectrum Engineers, Inc. 401(k) Plan in UT ($42M); by covered participants it is Gilcrest-Jewett Lumber Company Profit Sharing Plan in IA (252 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (252 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 2024? ▼
Bridgewater Bank 401(k) Safe Harbor Plan grew sharply - up 23.1% during 2024, from $34M to $42M. 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 82nd percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (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 Spectrum Engineers, Inc. 401(k) Plan in UT ($42M, 134 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 Gilcrest-Jewett Lumber Company Profit Sharing Plan in IA (252 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.