Oxford Bank Employees' Retirement Plan — Form 5500 plan (Oxford 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, Oxford Bank Employees' Retirement Plan is a benefit plan reported by Oxford Bank under EIN 38-0901520 and plan number 001. The latest loaded filing year is 2023. The filing reports 195 participants and $6,551,155 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Oxford Bank
- EIN
- 38-0901520
- Plan number
- 001
- Plan type
- 2
- Location
- Oxford, MI
- Latest filing year
- 2023
- Participants
- 195
- End-of-year plan assets
- $6,551,155
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 195 | H, C | 20241015135727NAL0049744896001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $6,551,155
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $6,551,155
- Net assets (BOY)
- $5,758,067
Income & contributions
- Employer contributions
- $364,844
- Participant contributions
- $688,172
- Total contributions
- $1,137,068
- Total income / additions
- $2,064,820
Expenses & distributions
- Benefits paid
- $1,237,259
- Administrative expenses
- $34,473
- Total expenses
- $1,271,732
- Net increase / (decrease)
- $793,088
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Annuity Insurance Company O | RECORDKEEPER | $21,269 | $0 | 2023 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $10,303 | not reported in the loaded dataset | 2023 |
| Fifth Third Bank | INVESTMENT ADVISOR | $2,901 | not reported in the loaded dataset | 2023 |