2023 Form 5500 filing — Shore United Bank 401k 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 20241015152308NAL0056929810001) for Shore United Bank 401k Plan, reported by Shore United Bank under EIN 52-1974638 and plan number 001. It reports 786 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015152308NAL0056929810001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Shore United Bank
- EIN
- 52-1974638
- Plan number
- 001
- Location
- Easton, MD
- Participants
- 786
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $64,760,651
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $64,760,651
- Employer contributions
- $1,639,341
- Participant contributions
- $3,486,592
- Total income / additions
- $14,663,890
- Benefits paid
- $8,625,258
- Administrative expenses
- $125,593
- Total expenses
- $8,750,851
- Net increase / (decrease)
- $5,913,039
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $125,593 | $0 |
| Global Retirement Partners LLC | INVESTMENT ADVISORY | $0 | $40,144 |