2023 Form 5500 filing — Grove Bank & Trust 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 20241015125425NAL0029693825002) for Grove Bank & Trust 401(K) Profit Sharing Plan, reported by Grove Bank & Trust under EIN 59-0199400 and plan number 003. It reports 149 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)$8.6MReported net assets$8,609,271
Participants149
Provider compensation$68.7K4 Schedule C row(s)$68,678
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20241015125425NAL0029693825002
- Plan sponsor
- Grove Bank & Trust
- EIN
- 59-0199400
- Plan number
- 003
- Location
- Miami, FL
- Received date
- not reported in the loaded dataset
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)$8.6M total assets
Net assets$8.6MLiabilities$15.6K
Full reported line items
- Total assets (EOY)
- $8,624,885
- Total liabilities (EOY)
- $15,614
- Net assets (EOY)
- $8,609,271
- Employer contributions
- $442,774
- Participant contributions
- $864,591
- Total income / additions
- $2,984,368
- Benefits paid
- $3,069,973
- Administrative expenses
- $58,787
- Total expenses
- $3,233,835
- Net increase / (decrease)
- -$249,467
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company | RECORDKEEPER | $27,666 | $0 |
| Onedigital Investment Advisors LLC | INVESTMENT ADVISOR | $22,348 | $0 |
| Definiti LLC | CONTRACT ADMIN | $8,075 | $8,939 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $1,650 | $0 |