Plan5500

North Salem State Bank — Form 5500 filings & benefit plans

Form 5500 plan sponsor summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, North Salem State Bank (EIN 35-0551480) is a plan sponsor located in North Salem, IN with 2 reported benefit plan(s) in the loaded dataset. The latest loaded Form 5500 filing year is 2023.

Company overview (based on loaded 2023 public filings)

EIN
35-0551480
Location
North Salem, IN
Loaded plans
2
Latest filing year
2023

This is a company / sponsor profile — aggregate totals across all of this employer's loaded plans. Open an individual plan below for its own full financial statement.

What stands out for North Salem State Bank

  • 2 loaded plans hold $6.3M in reported assets.
  • The largest, North Salem State Bank 401(K) Plan, holds 91% of this company's reported plan assets.
  • Plans cover 247 reported participants.
  • 2 of 2 plans report full financial statements.
  • 1 report Schedule C provider compensation.
Aggregate financials · 2023

Reported financial aggregate

Total reported net assets$6.3MSummed across loaded plans$6,253,292
Total reported assets$6.3M$6,258,320
Total reported participants247
Total reported liabilities$5K$5,028

Reported net position

Reported assets = net assets + liabilities (summed)$6.3M total assets
Net assets$6.3MLiabilities$5K
Contributions & income
Employer contributions$214.3K
Participant contributions$352.1K
Total income / additions$1.5M
Expenses & distributions
Benefits paid / distributions$126.4K
Total expenses$136K
Net increase / (decrease)$1.4M

Data coverage

Plans with financial statements2 / 2 (100%)
Plans with provider compensation1 / 2 (50%)

Totals sum the latest loaded 2023 public Form 5500 filing per plan for this company's plans — one filing per plan, so multiple years are never double-counted. Figures are reported values from loaded Schedule H / I (and Schedule C for provider compensation); fields a plan did not report are treated as missing, not zero. These are not audited or official totals.

Computed from loaded plans

Portfolio comparison

Largest plan share of assets91%North Salem State Bank 401(K) Plan
Participants per plan124Average across loaded plans
Loaded plans2
Ranked by reported assets

Largest loaded plans

Bars show each plan's reported end-of-year assets relative to the largest.

  1. 1
    North Salem State Bank 401(K) Plan$5.7M
    Plan #002 · 166 participants · 2023
  2. 2
    North Salem State Bank Employee Stock Ownership Plan$569.6K
    Plan #003 · 81 participants · 2023

All loaded plans by assets → · By participants → · With financial statements → · With provider compensation →

EFAST2 filings

Latest loaded filings

Most recent loaded Form 5500 filings for North Salem State Bank. Open one for its full reported snapshot.

  1. 2023
    North Salem State Bank Employee Stock Ownership Plan81 participants · 2Sch I
    View filing →
  2. 2023
    North Salem State Bank 401(K) Plan166 participants · 2Sch HSch C
    View filing →

What to inspect next

Frequently asked questions

How many benefit plans does North Salem State Bank report on Form 5500?
North Salem State Bank (EIN 35-0551480) reports 2 benefit plan(s) in the loaded Form 5500 dataset.
What is the EIN for North Salem State Bank?
The Employer Identification Number (EIN) reported for North Salem State Bank is 35-0551480.
What is the latest Form 5500 filing year for North Salem State Bank?
The latest loaded Form 5500 filing year for North Salem State Bank is 2023.

Related Form 5500 pages