The Guilford Savings Bank 401(K) Profit Sharing Plan — Form 5500 plan (The Guilford Savings 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, The Guilford Savings Bank 401(K) Profit Sharing Plan is a benefit plan reported by The Guilford Savings Bank under EIN 06-0377390 and plan number 003. The latest loaded filing year is 2023. The filing reports 187 participants and $19,640,470 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- The Guilford Savings Bank
- EIN
- 06-0377390
- Plan number
- 003
- Plan type
- 2
- Location
- Guilford, CT
- Latest filing year
- 2023
- Participants
- 187
- End-of-year plan assets
- $19,640,470
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 187 | H, C | 20241016082453NAL0015712595001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $19,640,470
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $19,640,470
- Net assets (BOY)
- $16,401,905
Income & contributions
- Employer contributions
- $646,588
- Participant contributions
- $1,121,849
- Total contributions
- $2,092,352
- Total income / additions
- $4,886,610
Expenses & distributions
- Benefits paid
- $1,645,245
- Administrative expenses
- $2,800
- Total expenses
- $1,648,045
- Net increase / (decrease)
- $3,238,565
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $2,800 | $0 | 2023 |