2023 Form 5500 filing — Ifb 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 20240913091122NAL0011388353001) for Ifb 401(K) Plan, reported by International Finance Bank under EIN 85-3345810 and plan number 001. It reports 136 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
Form 5500 2 · 2023
Filing snapshot
Net assets (EOY)$4.6MReported net assets$4,577,513
Participants136
Provider compensation$11.5K2 Schedule C row(s)$11,458
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20240913091122NAL0011388353001
- Plan sponsor
- International Finance Bank
- EIN
- 85-3345810
- Plan number
- 001
- Location
- Miami, FL
- Received date
- not reported in the loaded dataset
Schedule H · 2023
Reported financial snapshot
Reported figures as filed, in whole dollars. Only fields the filing reports are shown.
Reported balance (end of year)$4.6M total assets
Net assets$4.6MLiabilities$0
Full reported line items
- Total assets (EOY)
- $4,577,513
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $4,577,513
- Employer contributions
- $308,552
- Participant contributions
- $527,179
- Total income / additions
- $1,662,049
- Benefits paid
- $1,301,816
- Administrative expenses
- $11,458
- Total expenses
- $1,313,274
- Net increase / (decrease)
- $348,775
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Stadion Money Management LLC- | MANAGED ACCOUNT PROVIDER | $8,414 | not reported in the loaded dataset |
| Ameritas Life Insurance Corp | BUNDLED RECORDKEEPER | $3,044 | $0 |