How big is Portage Bank's plan?

Portage Bank's plan reported $1.8M in assets and 16 participants for 2024.

Original filing (PDF)20251010113705NAL0007630545001

Portage Bank

Name: Portage Bank — Portage Bank 401(k) Plan, Form 5500 (2024)
Creator: Portage Bank
License: https://www.usa.gov/government-works

Form 5500-SF

FILING_RECEIVED

Portage Bank 401(k) Plan

401(k) retirement plan · Portage Bank's Portage Bank 401(k) Plan held $1.8M in plan assets for 16 participants in 2024.

Active participants

Accounts w/ balance

Plan assets (EOY)

$1.8M

Net assets (EOY)

$1.8M

People on this filing

Matthew Moran signed Portage Bank's 2024 Form 5500 as plan administrator.

Matthew Moran — Plan Administrator — Form 5500 signer

Get verified email & phone for these signers

Signer names are public record from the Form 5500 e-signature.

Plan identifiers

Portage Bank's EIN is 41-0556760.

EIN 41-0556760

Plan number 002

Plan year 2024

ACK ID 20251010113705NAL0007630545001

Official Form 5500 document

Download the official 2024 Form 5500 (PDF) for Portage Bank from the U.S. Department of Labor's EFAST2 system.

Download the official 2024 Form 5500 (PDF)

Plan features

Portage Bank's plan includes profit-sharing, ERISA 404(c) participant direction, a 401(k) feature.

Decision-maker contacts

One unlock reveals every key decision-maker — plan signer, CFO, HR & Benefits — with verified email + LinkedIn for PORTAGE BANK.

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Plan health score

Top-tier plan health

Directional indicator from public Form 5500 data — compliance & integrity, total plan cost, participant health and vendor stack, benchmarked against same-size peers. Not a fiduciary tool. Based on 70% of scoring inputs for this filing.

Compliance & integrity

100

Total plan cost

n/a

Plan health

Vendor & structure

100

Knocking points off

Low account-holder ratio — balance-holders per active participant in the bottom quartile of peers (23rd percentile).

Helping the score

Cost not scored — no comparable Schedule H expense data for this cohort.

Plan sponsor

Name

PORTAGE BANK

EIN

all filings

Address

104 W. MAIN STREET · CEYLON, MN · 56121

Phone

(507) 632-4242

Industry

Commercial Banking· Finance & Insurance

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

002

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-10-10

Pension benefit codes

2A · Age/service weighted or new comparability

2E · Profit-sharing

2F · ERISA section 404(c)

2G · Total participant-directed accounts

2J · 401(k) feature

2K · 401(m) arrangement

3D · Pre-approved plan (master / prototype / VS)

Audit & trust (Schedule H)

Service providers (Schedule C)

Small plans don't disclose service providers

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