Woodlands Bank Retirement And Investment Plan — Form 5500 plan (Woodlands 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, Woodlands Bank Retirement And Investment Plan is a benefit plan reported by Woodlands Bank under EIN 23-2579286 and plan number 001. The latest loaded filing year is 2023. The filing reports 130 participants and $10,377,036 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Woodlands Bank
- EIN
- 23-2579286
- Plan number
- 001
- Plan type
- 2
- Location
- Williamsport, PA
- Latest filing year
- 2023
- Participants
- 130
- End-of-year plan assets
- $10,377,036
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 130 | H, C | 20240725141458NAL0022657664001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $10,377,036
- Total liabilities (EOY)
- $100,898
- Net assets (EOY)
- $10,276,138
- Net assets (BOY)
- $8,567,676
Income & contributions
- Employer contributions
- $233,326
- Participant contributions
- $515,179
- Total contributions
- $760,354
- Total income / additions
- $2,303,612
Expenses & distributions
- Benefits paid
- $566,523
- Administrative expenses
- $28,627
- Total expenses
- $595,150
- Net increase / (decrease)
- $1,708,462
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Alerus Financial, N.A,. | NONE | $28,628 | $0 | 2023 |