2023 Form 5500 filing — American Business 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 20241015150258NAL0048543936001) for American Business Bank 401(K) Plan, reported by American Business Bank under EIN 91-1907220 and plan number 001. It reports 260 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)$37.5MReported net assets$37,478,562
Participants260
Provider compensation$26.6K2 Schedule C row(s)$26,612
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20241015150258NAL0048543936001
- Plan sponsor
- American Business Bank
- EIN
- 91-1907220
- Plan number
- 001
- Location
- Los Angeles, CA
- 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)$37.5M total assets
Net assets$37.5MLiabilities$0
Full reported line items
- Total assets (EOY)
- $37,478,562
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $37,478,562
- Employer contributions
- $864,139
- Participant contributions
- $2,276,532
- Total income / additions
- $9,064,228
- Benefits paid
- $2,408,816
- Administrative expenses
- $11,233
- Total expenses
- $2,420,049
- Net increase / (decrease)
- $6,644,179
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Actuarial Benefits Corporation | OTHER SERVICES | $0 | $15,393 |
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $11,219 | $0 |