2023 Form 5500 filing — Benchmark Bank Employees 401k Plan And Trust
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 20241010130441NAL0020112401001) for Benchmark Bank Employees 401k Plan And Trust, reported by Benchmark Bank under EIN 75-1163748 and plan number 001. It reports 246 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241010130441NAL0020112401001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Benchmark Bank
- EIN
- 75-1163748
- Plan number
- 001
- Location
- Plano, TX
- Participants
- 246
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $23,368,595
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $23,368,595
- Employer contributions
- $533,894
- Participant contributions
- $1,001,843
- Total income / additions
- $4,562,800
- Benefits paid
- $1,911,631
- Administrative expenses
- $75,609
- Total expenses
- $1,987,240
- Net increase / (decrease)
- $2,575,560
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Benchmark Private Wealth Management | INVESTMENT ADVISOR | $31,501 | not reported in the loaded dataset |
| Beacon Pointe Advisors Co. | NONE | $24,071 | not reported in the loaded dataset |
| Newport Group, Inc. | NONE | $15,388 | $0 |