2023 Form 5500 filing — Salisbury Bank & Trust Co. 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 20241004093716NAL0006563251001) for Salisbury Bank & Trust Co. 401(K) Profit Sharing Plan, reported by Salisbury Bank & Trust Co. under EIN 06-0521260 and plan number 003. It reports 242 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241004093716NAL0006563251001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Salisbury Bank & Trust Co.
- EIN
- 06-0521260
- Plan number
- 003
- Location
- Lakeville, CT
- Participants
- 242
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $0
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $0
- Employer contributions
- $790,378
- Participant contributions
- $889,214
- Total income / additions
- $3,984,652
- Benefits paid
- $32,010,933
- Administrative expenses
- $122,243
- Total expenses
- $32,135,593
- Net increase / (decrease)
- -$28,150,941
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $72,243 | $0 |
| Rbc Wealth Management | ADVISOR | $30,000 | not reported in the loaded dataset |
| Baker Newman Noyes LLC | ACCOUNTANT/AUDITOR | $20,000 | not reported in the loaded dataset |