Walden Savings Bank 401(K) Plan — Form 5500 plan (Walden 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, Walden Savings Bank 401(K) Plan is a benefit plan reported by Walden Savings Bank under EIN 14-1155630 and plan number 002. The latest loaded filing year is 2023. The filing reports 175 participants and $15,726,120 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$15.7MPlan net assets, end of year$15,726,120
Participants175Covered participants reported
Assets / participant$89.9KComputed: assets ÷ participants$89,864 (computed)
Provider compensation$68.7K3 Schedule C provider row(s)$68,691
- Plan sponsor
- Walden Savings Bank
- EIN
- 14-1155630
- Plan number
- 002
- Plan type
- 2
- Location
- Montgomery, NY
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 175 | H, C | 20240730092728NAL0031388000001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$15.7M total assets
Net assets$15.7MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $15,726,120
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $15,726,120
- Net assets (BOY)
- $13,077,458
Income & contributions
- Employer contributions
- $379,473
- Participant contributions
- $839,277
- Total contributions
- $1,235,921
- Total income / additions
- $3,616,381
Expenses & distributions
- Benefits paid
- $876,160
- Administrative expenses
- $71,663
- Total expenses
- $967,719
- Net increase / (decrease)
- $2,648,662
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
31%69%
Employer 31%Participant 69%
Total expenses ÷ net assets6%Computed ratio
Benefits paid ÷ total income24%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Life & Annuity Insurance Co | RECORDKEEPER | $36,216 | $0 | 2023 |
| J Alden Associates Inc | BROKER/ADVISER | $0 | $25,510 | 2023 |
| Leafhouse Financial Advisors, LLC | INVESTMENT ADVISOR | $6,965 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Walden Savings Bank
- 2023 Form 5500 filing
- Form 5500 filings in NY
- 401(k) and benefit plan filings in Montgomery, NY
- Empower Life & Annuity Insurance Co — Schedule C compensation
- J Alden Associates Inc — Schedule C compensation
- Leafhouse Financial Advisors, LLC — Schedule C compensation