2023 Form 5500 filing — North Salem State Bank 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 20241014134039NAL0044696144001) for North Salem State Bank 401(K) Plan, reported by North Salem State Bank under EIN 35-0551480 and plan number 002. It reports 166 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).

Form 5500 2 · 2023

Filing snapshot

Net assets (EOY)$5.7MReported net assets$5,683,766
Participants166
Provider compensation$10.4K3 Schedule C row(s)$10,388
Schedules filedSchedule H, Schedule CLoaded schedules
EFAST2 acknowledgement
20241014134039NAL0044696144001
Plan sponsor
North Salem State Bank
EIN
35-0551480
Plan number
002
Location
North Salem, IN
Received date
not reported in the loaded dataset
How to read this filing
  • This is a single annual Form 5500 filing, identified by its EFAST2 acknowledgement id.
  • Schedule chips (Sch H / I / C) show which schedules this filing includes.
  • Net assets = total assets minus total liabilities (Schedule H/I).
  • Fields a filing did not report are labeled not reported in the loaded dataset — never estimated.
  • For the plan's full history, open the plan profile.
Schedule H · 2023

Reported financial snapshot

Reported figures as filed, in whole dollars. Only fields the filing reports are shown.

Reported balance (end of year)$5.7M total assets
Net assets$5.7MLiabilities$4.9K
Money in vs. money out
Total income / additions$1.3M
Total expenses$127.5K
Benefits paid / distributions$118K
Contributions
Employer$207.2K
Participant$352.1K
Full reported line items
Total assets (EOY)
$5,688,694
Total liabilities (EOY)
$4,928
Net assets (EOY)
$5,683,766
Employer contributions
$207,228
Participant contributions
$352,051
Total income / additions
$1,298,057
Benefits paid
$117,959
Administrative expenses
$9,559
Total expenses
$127,518
Net increase / (decrease)
$1,170,539
Schedule C

Reported service provider compensation

Compensation reported on the 2023 filing, ranked by reported total.

  1. 1
    INVESTMENT ADVISOR · Direct $9.1K
  2. 2
    CONTRACT ADMIN · Direct $770
  3. 3
    RECORDKEEPER · Direct $487 · Indirect $0

What to inspect next

Frequently asked questions

What does EFAST2 acknowledgement 20241014134039NAL0044696144001 cover?
It is the 2023 Form 5500 filing for North Salem State Bank 401(K) Plan, reported by North Salem State Bank (EIN 35-0551480).
Which Form 5500 schedules are attached to this 2023 filing?
Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).

Related Form 5500 pages