2023 Form 5500 filing — Wayne Savings Community Bank 401(K) 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 20241010101155NAL0011363875001) for Wayne Savings Community Bank 401(K) Plan, reported by Wayne Savings Community Bank under EIN 34-0606020 and plan number 003. It reports 144 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241010101155NAL0011363875001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Wayne Savings Community Bank
- EIN
- 34-0606020
- Plan number
- 003
- Location
- Wooster, OH
- Participants
- 144
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $5,398,971
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $5,398,971
- Employer contributions
- $169,021
- Participant contributions
- $393,094
- Total income / additions
- $1,850,644
- Benefits paid
- $939,200
- Administrative expenses
- $19,221
- Total expenses
- $958,421
- Net increase / (decrease)
- $892,223
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Whitaker Myers Wealth Managers, Ltd | INVESTMENT ADVISOR | $10,059 | $0 |
| July Business Services, LLC | RECORDKEEPER | $8,764 | $0 |