Main Street Bank 401(K) And Profit Sharing Plan — Form 5500 plan (Main Street 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, Main Street Bank 401(K) And Profit Sharing Plan is a benefit plan reported by Main Street Bank under EIN 04-1584100 and plan number 002. The latest loaded filing year is 2023. The filing reports 261 participants and $26,087,558 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Main Street Bank
- EIN
- 04-1584100
- Plan number
- 002
- Plan type
- 2
- Location
- Marlborough, MA
- Latest filing year
- 2023
- Participants
- 261
- End-of-year plan assets
- $26,087,558
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 261 | H, C | 20241011133208NAL0010971459001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $26,087,558
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $26,087,558
- Net assets (BOY)
- $21,171,841
Income & contributions
- Employer contributions
- $848,831
- Participant contributions
- $1,265,661
- Total contributions
- $2,540,576
- Total income / additions
- $5,965,467
Expenses & distributions
- Benefits paid
- $1,013,877
- Administrative expenses
- $35,873
- Total expenses
- $1,049,750
- Net increase / (decrease)
- $4,915,717
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Global Retirement Partners LLC | INVESTMENT ADVISOR | $28,000 | not reported in the loaded dataset | 2023 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $7,873 | not reported in the loaded dataset | 2023 |
| Empower Annuity Insurance Company O | RECORDKEEPER | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Main Street Bank
- 2023 Form 5500 filing
- Form 5500 filings in MA
- 401(k) and benefit plan filings in Marlborough, MA
- Global Retirement Partners LLC — Schedule C compensation
- Empower Advisory Group, LLC — Schedule C compensation
- Empower Annuity Insurance Company O — Schedule C compensation