Bay Coast Bank 401(K) Plan — Form 5500 plan (Bay Coast Bank)
Plain-English plan 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, Bay Coast Bank 401(K) Plan is a benefit plan reported by Bay Coast Bank under EIN 04-1178460 and plan number 002. The latest loaded filing year is 2023. The filing reports 702 participants and $67,124,113 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Bay Coast Bank
- EIN
- 04-1178460
- Plan number
- 002
- Plan type
- 2
- Location
- Swansea, MA
- Latest filing year
- 2023
- Participants
- 702
- End-of-year plan assets
- $67,124,113
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 702 | H, C | 20240812130317NAL0009368321001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $67,124,113
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $67,124,113
- Net assets (BOY)
- $55,528,889
Income & contributions
- Employer contributions
- $1,333,736
- Participant contributions
- $3,425,866
- Total contributions
- $6,867,823
- Total income / additions
- $17,481,629
Expenses & distributions
- Benefits paid
- $5,772,590
- Administrative expenses
- $113,815
- Total expenses
- $5,886,405
- Net increase / (decrease)
- $11,595,224
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Epic Retirement Plan Services | NONE | $113,815 | $0 | 2023 |