2023 Form 5500 filing — The Oriental Bank Coda Profit Sharing Plan
Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240613161100NAL0031024417001) for The Oriental Bank Coda Profit Sharing Plan, reported by Oriental Bank under EIN 66-0259436 and plan number 002. It reports 2,837 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240613161100NAL0031024417001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Oriental Bank
- EIN
- 66-0259436
- Plan number
- 002
- Location
- San Juan, PR
- Participants
- 2,837
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $134,602,051
- Total liabilities (EOY)
- $58,605
- Net assets (EOY)
- $134,543,446
- Employer contributions
- $2,555,610
- Participant contributions
- $6,212,897
- Total income / additions
- $29,255,026
- Benefits paid
- $4,954,280
- Administrative expenses
- $111,886
- Total expenses
- $5,124,771
- Net increase / (decrease)
- $24,130,255
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Expand Financial LLC | INVESTMENT FIDUCIARY | $57,827 | $0 |
| New Edge Advisors, LLC. | INVESTMENT FIDUCIARY SVC | $53,489 | $0 |