Presence Bank Employee Stock Ownership Plan — Form 5500 plan (Presence 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, Presence Bank Employee Stock Ownership Plan is a benefit plan reported by Presence Bank under EIN 23-1580399 and plan number 003. The latest loaded filing year is 2023. The filing reports 30 participants and $2,780,188 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Presence Bank
- EIN
- 23-1580399
- Plan number
- 003
- Plan type
- 2
- Location
- Coatesville, PA
- Latest filing year
- 2023
- Participants
- 30
- End-of-year plan assets
- $2,780,188
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 30 | I | 20240603121941NAL0018148977001 |
Reported financial statement (2023 · Schedule I)
Net assets
- Total assets (EOY)
- $2,780,188
- Total liabilities (EOY)
- $2,527,486
- Net assets (EOY)
- $252,702
- Net assets (BOY)
- $376,247
Income & contributions
- Employer contributions
- $195,854
- Participant contributions
- $0
- Total income / additions
- -$34,916
Expenses & distributions
- Benefits paid
- $2,906
- Administrative expenses
- $0
- Total expenses
- $88,629
- Net increase / (decrease)
- -$123,545
Service provider compensation (Schedule C)
No Schedule C service provider compensation is loaded for this plan yet.