2023 Form 5500 filing — The Northpointe Bancshares, Inc. 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 20241015114142NAL0028225617001) for The Northpointe Bancshares, Inc. Employee Stock Ownership Plan, reported by Northpointe Bank under EIN 38-3448372 and plan number 001. It reports 1,427 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015114142NAL0028225617001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Northpointe Bank
- EIN
- 38-3448372
- Plan number
- 001
- Location
- Grand Rapids, MI
- Participants
- 1,427
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $63,469,694
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $63,469,694
- Employer contributions
- $2,222,626
- Participant contributions
- $4,718,056
- Total income / additions
- $13,737,398
- Benefits paid
- $9,200,080
- Administrative expenses
- $313,370
- Total expenses
- $9,945,509
- Net increase / (decrease)
- $3,791,889
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Pentegra Services Inc. | CONTRACT ADMIN | $313,370 | not reported in the loaded dataset |
| Empower Annuity Insurance Company | RECORDKEEPER | $0 | $0 |