2023 Form 5500 filing — The Bank Of Glen Burnie 401(K) 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 20240718083605NAL0003029923001) for The Bank Of Glen Burnie 401(K) Profit Sharing Plan, reported by The Bank Of Glen Burnie under EIN 52-0575023 and plan number 002. It reports 134 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240718083605NAL0003029923001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- The Bank Of Glen Burnie
- EIN
- 52-0575023
- Plan number
- 002
- Location
- Glen Burnie, MD
- Participants
- 134
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $17,903,575
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $17,903,575
- Employer contributions
- $299,435
- Participant contributions
- $418,845
- Total income / additions
- $3,621,857
- Benefits paid
- $609,531
- Administrative expenses
- $61,693
- Total expenses
- $671,224
- Net increase / (decrease)
- $2,950,633
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| John Hancock Life Insurance Co Usa | RECORDKEEPER | $29,726 | $0 |
| Merrill Lynch | RIA | $29,667 | not reported in the loaded dataset |