2023 Form 5500 filing — United Bancshares, Inc. Restated Employee Stock Ownership 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 20241009132844NAL0019319153001) for United Bancshares, Inc. Restated Employee Stock Ownership Plan, reported by United Bancshares, Inc. under EIN 34-1516518 and plan number 004. It reports 328 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241009132844NAL0019319153001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- United Bancshares, Inc.
- EIN
- 34-1516518
- Plan number
- 004
- Location
- Columbus Grove, OH
- Participants
- 328
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $19,741,291
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $19,741,291
- Employer contributions
- $1,072,880
- Participant contributions
- $966,795
- Total income / additions
- $5,092,033
- Benefits paid
- $5,484,620
- Administrative expenses
- $84,827
- Total expenses
- $5,569,447
- Net increase / (decrease)
- -$477,414
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Usi Consulting Group | NONE | $22,173 | $0 |
| Cliftonlarsonallen Llp | NONE | $21,635 | not reported in the loaded dataset |
| Hovde Group | VALUATION | $21,100 | not reported in the loaded dataset |
| Axia Advisory | NONE | $12,000 | not reported in the loaded dataset |
| Charles Schwab | TRUSTEE | $7,238 | not reported in the loaded dataset |