2023 Form 5500 filing — Heritage Bank, Inc. 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 20240924154447NAL0023291296001) for Heritage Bank, Inc. 401(K) Plan, reported by Heritage Bank, Inc. under EIN 61-1174806 and plan number 001. It reports 262 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240924154447NAL0023291296001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Heritage Bank, Inc.
- EIN
- 61-1174806
- Plan number
- 001
- Location
- Burlington, KY
- Participants
- 262
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $15,660,658
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $15,660,658
- Employer contributions
- $706,729
- Participant contributions
- $1,089,676
- Total income / additions
- $4,142,876
- Benefits paid
- $1,248,211
- Administrative expenses
- $67,264
- Total expenses
- $1,315,475
- Net increase / (decrease)
- $2,827,401
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Ins Co. Of America | RECORDKEEPER | $23,930 | $0 |
| Global Retirement Partners LLC | INVESTMENT ADVISOR | $20,783 | not reported in the loaded dataset |
| Benefit Plans Plus, LLC | CONTRACT ADMIN | $9,278 | not reported in the loaded dataset |
| Ifp Advisors Inc Dba Indep Fin Part | INVESTMENT ADVISOR | $2,094 | not reported in the loaded dataset |