Liberty Bank Pension Plan — Form 5500 plan (Liberty 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, Liberty Bank Pension Plan is a benefit plan reported by Liberty Bank under EIN 06-0452570 and plan number 001. The latest loaded filing year is 2023. The filing reports 1,288 participants and $145,793,215 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Liberty Bank
- EIN
- 06-0452570
- Plan number
- 001
- Plan type
- 2
- Location
- Middletown, CT
- Latest filing year
- 2023
- Participants
- 1,288
- End-of-year plan assets
- $145,793,215
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 1,288 | H, C | 20241009130744NAL0009225347001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $145,793,215
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $145,793,215
- Net assets (BOY)
- $131,529,870
Income & contributions
- Employer contributions
- $5,000,000
- Total contributions
- $5,000,000
- Total income / additions
- $21,075,892
Expenses & distributions
- Benefits paid
- $6,346,654
- Administrative expenses
- $465,893
- Total expenses
- $6,812,547
- Net increase / (decrease)
- $14,263,345
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Nepc LLC | NONE | $175,725 | not reported in the loaded dataset | 2023 |
| Schwab Retirement Plan Services Inc | NONE | $78,672 | not reported in the loaded dataset | 2023 |
| Grant Thornton | NONE | $57,500 | not reported in the loaded dataset | 2023 |
| Milliman, Inc. | NONE | $31,500 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Liberty Bank
- 2023 Form 5500 filing
- Form 5500 filings in CT
- 401(k) and benefit plan filings in Middletown, CT
- Nepc LLC — Schedule C compensation
- Schwab Retirement Plan Services Inc — Schedule C compensation
- Grant Thornton — Schedule C compensation
- Milliman, Inc. — Schedule C compensation