2023 Form 5500 filing — Union 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 20240717153116NAL0007279472001) for Union Bank 401(K) Plan, reported by Union Bank under EIN 03-0286322 and plan number 002. It reports 297 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240717153116NAL0007279472001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Union Bank
- EIN
- 03-0286322
- Plan number
- 002
- Location
- Morrisville, VT
- Participants
- 297
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $29,106,798
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $29,106,798
- Employer contributions
- $1,104,493
- Participant contributions
- $1,078,232
- Total income / additions
- $6,443,417
- Benefits paid
- $2,059,847
- Administrative expenses
- $52,956
- Total expenses
- $2,112,803
- Net increase / (decrease)
- $4,330,614
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $31,499 | $0 |
| Pensionmark Financial Group, LLC | INVESTMENT ADVISORY | $18,482 | $6 |
| Future Planning Associates, Inc | OTHER SERVICES | $2,975 | $11,909 |