2023 Form 5500 filing — Sound Community 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 20241010060528NAL0019663601001) for Sound Community Bank 401(K) Profit Sharing Plan, reported by Sound Community Bank under EIN 91-0619653 and plan number 001. It reports 174 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241010060528NAL0019663601001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Sound Community Bank
- EIN
- 91-0619653
- Plan number
- 001
- Location
- Seattle, WA
- Participants
- 174
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $12,522,092
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $12,522,092
- Employer contributions
- $273,760
- Participant contributions
- $872,151
- Total income / additions
- $2,749,866
- Benefits paid
- $471,636
- Administrative expenses
- $53,722
- Total expenses
- $525,358
- Net increase / (decrease)
- $2,224,508
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Pentegra Retirement Services | RECORDKEEPER | $53,277 | $0 |
| Empower Annuity | RECORDKEEPER | $134 | $0 |