Salisbury Bank & Trust Co. 401(K) Profit Sharing Plan — Form 5500 plan (Salisbury Bank & Trust Co.)
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, Salisbury Bank & Trust Co. 401(K) Profit Sharing Plan is a benefit plan reported by Salisbury Bank & Trust Co. under EIN 06-0521260 and plan number 003. The latest loaded filing year is 2023. The filing reports 242 participants and $0 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Salisbury Bank & Trust Co.
- EIN
- 06-0521260
- Plan number
- 003
- Plan type
- 2
- Location
- Lakeville, CT
- Latest filing year
- 2023
- Participants
- 242
- End-of-year plan assets
- $0
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 242 | H, C | 20241004093716NAL0006563251001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $0
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $0
- Net assets (BOY)
- $28,150,941
Income & contributions
- Employer contributions
- $790,378
- Participant contributions
- $889,214
- Total contributions
- $1,679,845
- Total income / additions
- $3,984,652
Expenses & distributions
- Benefits paid
- $32,010,933
- Administrative expenses
- $122,243
- Total expenses
- $32,135,593
- Net increase / (decrease)
- -$28,150,941
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $72,243 | $0 | 2023 |
| Rbc Wealth Management | ADVISOR | $30,000 | not reported in the loaded dataset | 2023 |
| Baker Newman Noyes LLC | ACCOUNTANT/AUDITOR | $20,000 | not reported in the loaded dataset | 2023 |