2023 Form 5500 filing — Home Federal Savings Bank 401(K) Retirement 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 20241008105756NAL0009568083001) for Home Federal Savings Bank 401(K) Retirement Plan, reported by Home Federal Savings Bank under EIN 41-0318319 and plan number 002. It reports 256 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241008105756NAL0009568083001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Home Federal Savings Bank
- EIN
- 41-0318319
- Plan number
- 002
- Location
- Rochester, MN
- Participants
- 256
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $30,745,891
- Total liabilities (EOY)
- $17,920
- Net assets (EOY)
- $30,727,971
- Employer contributions
- $225,254
- Participant contributions
- $1,415,302
- Total income / additions
- $6,255,926
- Benefits paid
- $951,731
- Administrative expenses
- $69,590
- Total expenses
- $1,021,321
- Net increase / (decrease)
- $5,234,605
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Oneamerica Retirement Services, LLC | NONE | $37,479 | not reported in the loaded dataset |
| Intellicents Investment Solutions | NONE | $32,111 | not reported in the loaded dataset |
| Matrix Trust Company | NONE | $0 | $0 |