2023 Form 5500 filing — Benchmark Community Bank 401(K) Employee Stock Ownership 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 20241014115636NAL0027206513001) for Benchmark Community Bank 401(K) Employee Stock Ownership Plan, reported by Benchmark Community Bank under EIN 54-1393963 and plan number 001. It reports 223 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014115636NAL0027206513001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Benchmark Community Bank
- EIN
- 54-1393963
- Plan number
- 001
- Location
- Kenbridge, VA
- Participants
- 223
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $23,465,868
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $23,465,868
- Employer contributions
- $1,011,715
- Participant contributions
- $919,769
- Total income / additions
- $5,759,771
- Benefits paid
- $1,308,733
- Administrative expenses
- $2,139
- Total expenses
- $1,310,872
- Net increase / (decrease)
- $4,448,899
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Capital Research And Management Co | RECORDKEEPER | $1,340 | $0 |
| Employee Benefits Services | CONTRACT ADMIN | $799 | not reported in the loaded dataset |