2023 Form 5500 filing — The Taylor 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 20240923050953NAL0015077984001) for The Taylor Bank 401(K) Plan, reported by Calvin B. Taylor Banking Company under EIN 52-0505410 and plan number 002. It reports 133 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240923050953NAL0015077984001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Calvin B. Taylor Banking Company
- EIN
- 52-0505410
- Plan number
- 002
- Location
- Berlin, MD
- Participants
- 133
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $11,577,502
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $11,577,502
- Employer contributions
- $369,025
- Participant contributions
- $490,319
- Total income / additions
- $2,447,804
- Benefits paid
- $942,691
- Administrative expenses
- $29,328
- Total expenses
- $972,019
- Net increase / (decrease)
- $1,475,785
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| James A. Reichert | INVESTMENT/FINANCIAL ADVI | $16,000 | $0 |
| Adp, Inc. | RECORD KEEPER | $13,327 | $0 |
| Adp Broker-Dealer | RECORD KEEPER | $0 | $0 |