2023 Form 5500 filing — 1st Summit Bancorp Capital Accumulation 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 20241015084458NAL0029048401001) for 1st Summit Bancorp Capital Accumulation Plan, reported by 1st Summit Bancorp under EIN 25-1619855 and plan number 003. It reports 299 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015084458NAL0029048401001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- 1st Summit Bancorp
- EIN
- 25-1619855
- Plan number
- 003
- Location
- Johnstown, PA
- Participants
- 299
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $24,377,033
- Total liabilities (EOY)
- $41,568
- Net assets (EOY)
- $24,335,465
- Employer contributions
- $284,000
- Participant contributions
- $902,974
- Total income / additions
- -$557,588
- Benefits paid
- $1,952,582
- Administrative expenses
- $40,022
- Total expenses
- $1,992,604
- Net increase / (decrease)
- -$2,550,192
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Alerus Financial, N.A. | RECORDKEEPER | $14,876 | $0 |
| Cbiz Retirement Plan Services | TPA | $12,967 | not reported in the loaded dataset |
| S.R. Snodgrass, P.C. | AUDITOR | $10,710 | not reported in the loaded dataset |