1st Summit Bancorp Capital Accumulation Plan — Form 5500 plan (1st Summit Bancorp)
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, 1st Summit Bancorp Capital Accumulation Plan is a benefit plan reported by 1st Summit Bancorp under EIN 25-1619855 and plan number 003. The latest loaded filing year is 2023. The filing reports 299 participants and $24,377,033 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- 1st Summit Bancorp
- EIN
- 25-1619855
- Plan number
- 003
- Plan type
- 2
- Location
- Johnstown, PA
- Latest filing year
- 2023
- Participants
- 299
- End-of-year plan assets
- $24,377,033
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 299 | H, C | 20241015084458NAL0029048401001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $24,377,033
- Total liabilities (EOY)
- $41,568
- Net assets (EOY)
- $24,335,465
- Net assets (BOY)
- $26,885,657
Income & contributions
- Employer contributions
- $284,000
- Participant contributions
- $902,974
- Total contributions
- $1,215,739
- Total income / additions
- -$557,588
Expenses & distributions
- Benefits paid
- $1,952,582
- Administrative expenses
- $40,022
- Total expenses
- $1,992,604
- Net increase / (decrease)
- -$2,550,192
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Alerus Financial, N.A. | RECORDKEEPER | $14,876 | $0 | 2023 |
| Cbiz Retirement Plan Services | TPA | $12,967 | not reported in the loaded dataset | 2023 |
| S.R. Snodgrass, P.C. | AUDITOR | $10,710 | not reported in the loaded dataset | 2023 |