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, Bankonit Retirement Savings Plan is a benefit plan reported by Bankonit, LLC under EIN 20-2338224 and plan number 001. The latest loaded filing year is 2023. The filing reports 162 participants and $4,989,057 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $4,989,057
- Total liabilities (EOY)
- $32,342
- Net assets (EOY)
- $4,956,715
- Net assets (BOY)
- $3,687,344
Income & contributions
- Employer contributions
- $355,513
- Participant contributions
- $522,979
- Total contributions
- $938,078
- Total income / additions
- $1,756,676
Expenses & distributions
- Benefits paid
- $482,556
- Administrative expenses
- $4,749
- Total expenses
- $487,305
- Net increase / (decrease)
- $1,269,371