Wayne Bank 401(K) Plan — Form 5500 plan (Wayne 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, Wayne Bank 401(K) Plan is a benefit plan reported by Wayne Bank under EIN 24-0754330 and plan number 002. The latest loaded filing year is 2023. The filing reports 397 participants and $26,503,127 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Wayne Bank
- EIN
- 24-0754330
- Plan number
- 002
- Plan type
- 2
- Location
- Honesdale, PA
- Latest filing year
- 2023
- Participants
- 397
- End-of-year plan assets
- $26,503,127
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 397 | H, C | 20241015111648NAL0055734226001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $26,503,127
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $26,503,127
- Net assets (BOY)
- $22,580,549
Income & contributions
- Employer contributions
- $1,352,820
- Participant contributions
- $1,117,472
- Total contributions
- $2,753,352
- Total income / additions
- $6,128,777
Expenses & distributions
- Benefits paid
- $2,196,424
- Administrative expenses
- $9,775
- Total expenses
- $2,206,199
- Net increase / (decrease)
- $3,922,578
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Nfp Retirement Inc | SERVICE PROVIDER | $0 | $59,722 | 2023 |
| Voya Retirement Insurance & Annuity | SERVICE PROVIDER | $9,775 | $0 | 2023 |