Minster Bank Profit Sharing Plan — Form 5500 plan (Minster 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, Minster Bank Profit Sharing Plan is a benefit plan reported by Minster Bank under EIN 34-4306490 and plan number 002. The latest loaded filing year is 2023. The filing reports 150 participants and $24,336,586 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Minster Bank
- EIN
- 34-4306490
- Plan number
- 002
- Plan type
- 2
- Location
- Minster, OH
- Latest filing year
- 2023
- Participants
- 150
- End-of-year plan assets
- $24,336,586
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 150 | H, C | 20241031104938NAL0001081491001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $24,336,586
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $24,336,586
- Net assets (BOY)
- $23,470,226
Income & contributions
- Employer contributions
- $614,015
- Participant contributions
- $628,879
- Total contributions
- $1,404,213
- Total income / additions
- $4,846,539
Expenses & distributions
- Benefits paid
- $3,979,404
- Administrative expenses
- $775
- Total expenses
- $3,980,179
- Net increase / (decrease)
- $866,360
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Capital Group Retirement Plan Svcs. | RECORDKEEPER | $775 | $0 | 2023 |