2023 Form 5500 filing — West Suburban 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 20241015084455NAL0029048241001) for West Suburban Bank 401(K) Profit Sharing Plan, reported by West Suburban Bank under EIN 36-2481667 and plan number 002. It reports 482 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015084455NAL0029048241001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- West Suburban Bank
- EIN
- 36-2481667
- Plan number
- 002
- Location
- Lombard, IL
- Participants
- 482
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $64,246
- Total liabilities (EOY)
- $64,246
- Net assets (EOY)
- $0
- Total income / additions
- $815,105
- Benefits paid
- $16,323,388
- Administrative expenses
- $100,057
- Total expenses
- $16,423,445
- Net increase / (decrease)
- -$15,608,340
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Howard Simon & Associates, Inc. | NONE | $69,003 | not reported in the loaded dataset |
| Forum Financial Management, LLC | NONE | $28,245 | not reported in the loaded dataset |
| Matrix Trust Company | NONE | $2,809 | $0 |