2023 Form 5500 filing — Herring Bank 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 20241204132111NAL0008067858001) for Herring Bank 401(K) Profit Sharing Plan, reported by Herring Bank under EIN 75-0330569 and plan number 002. It reports 181 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241204132111NAL0008067858001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Herring Bank
- EIN
- 75-0330569
- Plan number
- 002
- Location
- Amarillo, TX
- Participants
- 181
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $6,510,990
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $6,510,990
- Employer contributions
- $184,447
- Participant contributions
- $435,421
- Total income / additions
- $1,612,445
- Benefits paid
- $1,378,142
- Administrative expenses
- $74,398
- Total expenses
- $1,455,541
- Net increase / (decrease)
- $156,904
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Nationwide | INVESTMENT ADVISORY | $48,386 | $6,734 |
| Mml Insurance Agency, LLC | INVESTMENT ADVISORY | $0 | $31,186 |
| Inwest Retirement Solutions | TPA | $13,061 | $2,285 |
| Meeder | INV MANAGER | $12,950 | not reported in the loaded dataset |