2023 Form 5500 filing — Superior National Bank 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 20241009101328NAL0009097859003) for Superior National Bank 401(K) & Profit Sharing Plan, reported by Superior National Bank under EIN 38-1084525 and plan number 001. It reports 242 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)$25.5MReported net assets$25,509,947
Participants242
Provider compensation$83.1K3 Schedule C row(s)$83,114
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20241009101328NAL0009097859003
- Plan sponsor
- Superior National Bank
- EIN
- 38-1084525
- Plan number
- 001
- Location
- Hancock, MI
- 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)$25.5M total assets
Net assets$25.5MLiabilities—
Full reported line items
- Total assets (EOY)
- $25,509,947
- Net assets (EOY)
- $25,509,947
- Employer contributions
- $888,223
- Participant contributions
- $1,176,718
- Total income / additions
- $6,176,356
- Benefits paid
- $1,850,934
- Administrative expenses
- $83,121
- Total expenses
- $1,960,985
- Net increase / (decrease)
- $4,215,371
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Secure Asset Management | INVESTMENT ADVISOR | $47,832 | $0 |
| Empower Annuity Insurance Company | RECORDKEEPER | $21,770 | $0 |
| Pension Consultants Co., Inc. | TPA | $13,512 | $0 |