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Original filing (PDF)20251008112604NAL0009310592001
NORTHRIM BANK
Form 5500
FILING_RECEIVED
NORTHRIM BANK SAVINGS INCENTIVE PLAN
401(k) retirement plan
Signals · 2
27% in single holdingNo recordkeeper disclosed
Active participants
482
Accounts w/ balance
729
Plan assets (EOY)
$101.4M
Net assets (EOY)
$101.4M
How this plan invests
This plan
1 pooled trust
Schedule D
12 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
90
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
87
Total plan cost
80
Vendor stack
80
Participation health
100
Knocking points off
- Top holding "MORLEY INCOME FUND III" is 27% of plan.
- 14 bps in Schedule C fees — modestly above peer band of 10 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for NORTHRIM BANK.
Plan sponsor
Name
NORTHRIM BANK
EIN
92-0134436
Address
3111 C STREET · ANCHORAGE, AK · 99503
Phone
(907) 261-3540
Industry
Commercial Banking· Finance & Insurancesee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
001
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-08
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
2S · Automatic enrollment
2T · Default investment account (QDIA)
3D · Pre-approved plan (master / prototype / VS)
3H · Sponsor in controlled / affiliated group
3I · Requires investment in employer securities
Audit & trust (Schedule H)
Auditor
BAKER TILLY US, LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
3 rowsOther
3| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| NWPS | 91-2090931 | SEATTLE, WA | N/A | $67K | — |
| ELLIOTT COVE CAPITAL MANAGEMENT | 82-0579238 | SEATTLE, WA | N/A | $47K | — |
| CHARLES SCHWAB TRUST BANK | 42-1558009 | SAN FRANCISCO, CA | NONE | $31K | — |
Investments
12 direct securities · 1 pooled fund· $12.9M(13% of reported assets)
Rows tagged as a trust or pooled fund hold many underlying securities. Click one to drill into its own Schedule of Assets — where the individual funds, shares, and CUSIPs live.
Uncategorized
$6.4M
12 holdings
Common Collective Trust
$6.4M
1 holding
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| MORLEY STABLE VALUE FUND PRINCIPAL GLOBAL INVESTORS TRUST COMPANY · EIN 93-6274329 / PN 001 | Common Collective Trust | — | — | $6.4M | 6.3% | |
| MORLEY INCOME FUND III | — | — | — | $1.7M | 1.7% | |
| MORLEY INCOME FUND I | — | — | — | $999K | 1.0% | |
| MORLEY STABLE INCOME BOND FUND | — | — | — | $899K | 0.9% | |
| MORLEY INCOME FUND IV | — | — | — | $565K | 0.6% | |
| SIA-B41 (MORLEY STABLE VALUE FUND S | — | — | — | $537K | 0.5% | |
| PRUDENTIAL CORE INTERMEDIATE BOND F | — | — | — | $482K | 0.5% | |
| PSA NO. 45-004 (SEPARATE ACCOUNT 45 | — | — | — | $461K | 0.5% | |
| GOVERNMENT SHORT TERM INVESTMENT FD | — | — | — | $235K | 0.2% | |
| ACTIVELY MANAGED FUND | — | — | — | $220K | 0.2% | |
| SIA-B45 (MORLEY INTERM STABLE VALUE | — | — | — | $190K | 0.2% | |
| MORLEY INCOME FUND II | — | — | — | $118K | 0.1% | |
| PRUDENTIAL CORE CONSERVATIVE INT BD | — | — | — | $0 | <0.1% |