2023 Form 5500 filing — Luther Burbank Corporation 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 20241011141429NAL0012580131001) for Luther Burbank Corporation 401(K) Plan, reported by Luther Burbank Corporation under EIN 94-2906968 and plan number 001. It reports 343 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241011141429NAL0012580131001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Luther Burbank Corporation
- EIN
- 94-2906968
- Plan number
- 001
- Location
- Santa Rosa, CA
- Participants
- 343
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $32,258,296
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $32,258,296
- Employer contributions
- $886,857
- Participant contributions
- $2,028,299
- Total income / additions
- $7,907,522
- Benefits paid
- $5,399,169
- Administrative expenses
- $108,420
- Total expenses
- $5,507,589
- Net increase / (decrease)
- $2,399,933
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $108,419 | $0 |
| Resources Investment Advisors Inc | INVESTMENT ADVISORY | $0 | $72,541 |
| Morningstar Investment Management L | INV ADV, PARTICIPANTS | $0 | $0 |