2023 Form 5500 filing — Meridian 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 20241013160433NAL0025984689001) for Meridian Bank 401(K) Profit Sharing Plan, reported by Meridian Bank under EIN 32-0116054 and plan number 001. It reports 424 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241013160433NAL0025984689001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Meridian Bank
- EIN
- 32-0116054
- Plan number
- 001
- Location
- Malvern, PA
- Participants
- 424
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $41,026,173
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $41,026,173
- Employer contributions
- $917,147
- Participant contributions
- $2,961,583
- Total income / additions
- $10,217,052
- Benefits paid
- $4,299,954
- Administrative expenses
- $78,629
- Total expenses
- $4,424,175
- Net increase / (decrease)
- $5,792,877
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Great-West Life & Annuity Insurance | RECORDKEEPER | $52,405 | $0 |
| Associated Benefit Planners, Ltd. | CONTRACT ADMIN | $24,751 | not reported in the loaded dataset |