2023 Form 5500 filing — Ida Grove Bancshares, Inc. Esop With 401(K) Provisions And Trust Agreement
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 20241014131204NAL0014978819001) for Ida Grove Bancshares, Inc. Esop With 401(K) Provisions And Trust Agreement, reported by United Bank Of Iowa under EIN 42-1166401 and plan number 003. It reports 386 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014131204NAL0014978819001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- United Bank Of Iowa
- EIN
- 42-1166401
- Plan number
- 003
- Location
- Ida Grove, IA
- Participants
- 386
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $64,498,975
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $64,498,975
- Employer contributions
- $1,466,906
- Participant contributions
- $1,851,137
- Total income / additions
- $9,223,690
- Benefits paid
- $3,810,764
- Administrative expenses
- $172,897
- Total expenses
- $3,984,467
- Net increase / (decrease)
- $5,239,223
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $123,566 | $0 |
| Principal Securities Inc | INVESTMENT ADVISORY | $0 | $67,517 |
| Principal Life Insurance | CONTRACT ADMINISTRATOR | $18,760 | not reported in the loaded dataset |
| Eide Bailly Llp | INVESTMENT ADVISORY | $6,000 | not reported in the loaded dataset |
| Nyemaster Goode, P.C. | CONTRACT ADMINISTRATOR | $5,259 | not reported in the loaded dataset |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 |