2023 Form 5500 filing — University Bancorp, Inc. Employee Stock Ownership And Retirement Savings 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 20241009142840NAL0010720899001) for University Bancorp, Inc. Employee Stock Ownership And Retirement Savings Plan, reported by University Bancorp, Inc. under EIN 38-2929531 and plan number 002. It reports 680 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241009142840NAL0010720899001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- University Bancorp, Inc.
- EIN
- 38-2929531
- Plan number
- 002
- Location
- Ann Arbor, MI
- Participants
- 680
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $29,952,793
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $29,952,793
- Employer contributions
- $1,572,210
- Participant contributions
- $2,355,252
- Total income / additions
- $7,163,833
- Benefits paid
- $2,221,556
- Administrative expenses
- $186,417
- Total expenses
- $2,510,884
- Net increase / (decrease)
- $4,652,949
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Ladenburg Thalman Asset Management | NONE | $76,280 | not reported in the loaded dataset |
| Watkins Ross | NONE | $63,389 | not reported in the loaded dataset |
| Schwab Bank | NONE | $1,187 | $10,845 |
| Epic Retirement Plan Services | NONE | $6,750 | not reported in the loaded dataset |