2023 Form 5500 filing — Fortifi Bank 401(K) 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 20240624135601NAL0004014275001) for Fortifi Bank 401(K) Plan, reported by Fortifi Bank under EIN 39-0280510 and plan number 002. It reports 139 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240624135601NAL0004014275001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Fortifi Bank
- EIN
- 39-0280510
- Plan number
- 002
- Location
- Berlin, WI
- Participants
- 139
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $8,692,862
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $8,692,862
- Employer contributions
- $243,529
- Participant contributions
- $611,144
- Total income / additions
- $2,296,158
- Benefits paid
- $359,008
- Administrative expenses
- $32,911
- Total expenses
- $391,919
- Net increase / (decrease)
- $1,904,239
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Spectrum Investment Advisors Inc | INVESTMENT ADVISOR | $15,404 | not reported in the loaded dataset |
| Empower Annuity Insurance Company | RECORDKEEPER | $14,986 | $0 |
| Vrakas/Blum, S.C. | AUDITOR | $1,381 | not reported in the loaded dataset |
| Ppg Retirement Plan Services | OTHER | $1,140 | not reported in the loaded dataset |