Broome Co-Operative Insurance 401(K) Profit Sharing Plan — Form 5500 plan (Broome Co-Operative Insurance Company)

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, Broome Co-Operative Insurance 401(K) Profit Sharing Plan is a benefit plan reported by Broome Co-Operative Insurance Company under EIN 15-0553385 and plan number 001. The latest loaded filing year is 2023. The filing reports 11 participants and $1,686,718 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$1.7MPlan net assets, end of year$1,686,718
Participants11Covered participants reported
Assets / participant$153.3KComputed: assets ÷ participants$153,338 (computed)
Provider compensationNone reported
Plan sponsor
Broome Co-Operative Insurance Company
EIN
15-0553385
Plan number
001
Plan type
2
Location
Vestal, NY
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
202311I20240515110149NAL0083123154001
Schedule I · 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)$1.7M total assets
Net assets$1.7MLiabilities$0
Money in vs. money out
Total income / additions$426K
Total expenses$11.6K
Benefits paid / distributions$1.4K
Contributions
Employer$100.2K
Participant$82.4K
Full reported line items

Net assets

Total assets (EOY)
$1,686,718
Total liabilities (EOY)
$0
Net assets (EOY)
$1,686,718
Net assets (BOY)
$1,272,277

Income & contributions

Employer contributions
$100,181
Participant contributions
$82,384
Total income / additions
$426,032

Expenses & distributions

Benefits paid
$1,389
Administrative expenses
$10,202
Total expenses
$11,591
Net increase / (decrease)
$414,441
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.

Contribution share (employer vs. participant)
Employer 55%Participant 45%
Total expenses ÷ net assets1%Computed ratio
Benefits paid ÷ total income0%Computed ratio

Service provider compensation (Schedule C)

No Schedule C service provider compensation is loaded for this plan yet.

Related Form 5500 pages