2023 Form 5500 filing — Charter West Bank Employees 401(K) Profit Sharing Plan And Trust
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 20240909160010NAL0008027296001) for Charter West Bank Employees 401(K) Profit Sharing Plan And Trust, reported by Charter West Bank under EIN 47-0679592 and plan number 001. It reports 157 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240909160010NAL0008027296001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Charter West Bank
- EIN
- 47-0679592
- Plan number
- 001
- Location
- West Point, NE
- Participants
- 157
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $13,797,937
- Net assets (EOY)
- $13,797,937
- Employer contributions
- $217,726
- Participant contributions
- $817,002
- Total income / additions
- $2,984,038
- Benefits paid
- $629,981
- Administrative expenses
- $4,303
- Total expenses
- $634,284
- Net increase / (decrease)
- $2,349,754
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Security National Bank | TRUSTEE | $3,868 | not reported in the loaded dataset |
| Charles Schwab Trust Bank | CUSTODIAN | $435 | not reported in the loaded dataset |
| Charles Schwab & Co., Inc. | CUSTODIAN | $0 | $0 |