Sturgis Bank & Trust Company 401(K) Profit Sharing Plan & Trust — Form 5500 plan (Sturgis Bank & Trust Company)
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, Sturgis Bank & Trust Company 401(K) Profit Sharing Plan & Trust is a benefit plan reported by Sturgis Bank & Trust Company under EIN 38-1080012 and plan number 004. The latest loaded filing year is 2023. The filing reports 231 participants and $12,488,192 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Sturgis Bank & Trust Company
- EIN
- 38-1080012
- Plan number
- 004
- Plan type
- 2
- Location
- Sturgis, MI
- Latest filing year
- 2023
- Participants
- 231
- End-of-year plan assets
- $12,488,192
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 231 | H, C | 20241015195937NAL0057977522001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $12,488,192
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $12,488,192
- Net assets (BOY)
- $11,223,121
Income & contributions
- Employer contributions
- $430,350
- Participant contributions
- $1,024,222
- Total contributions
- $1,565,823
- Total income / additions
- $2,626,678
Expenses & distributions
- Benefits paid
- $1,337,358
- Administrative expenses
- $24,249
- Total expenses
- $1,361,607
- Net increase / (decrease)
- $1,265,071
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Pcs Retirement, LLC | CONTRACT ADMINISTRATOR | $18,241 | $0 | 2023 |
| Doeren Mayhew | TPA | $6,008 | not reported in the loaded dataset | 2023 |