Bank Of Ann Arbor Employees 401(K) Profit Sharing Plan — Form 5500 plan (Bank Of Ann Arbor)
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, Bank Of Ann Arbor Employees 401(K) Profit Sharing Plan is a benefit plan reported by Bank Of Ann Arbor under EIN 38-3252110 and plan number 001. The latest loaded filing year is 2023. The filing reports 410 participants and $56,950,537 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Bank Of Ann Arbor
- EIN
- 38-3252110
- Plan number
- 001
- Plan type
- 2
- Location
- Ann Arbor, MI
- Latest filing year
- 2023
- Participants
- 410
- End-of-year plan assets
- $56,950,537
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 410 | H, C | 20240719140040NAL0012216192001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $56,950,537
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $56,950,537
- Net assets (BOY)
- $49,372,425
Income & contributions
- Employer contributions
- $1,407,648
- Participant contributions
- $3,208,205
- Total contributions
- $4,958,066
- Total income / additions
- $13,407,071
Expenses & distributions
- Benefits paid
- $5,820,933
- Administrative expenses
- $8,026
- Total expenses
- $5,828,959
- Net increase / (decrease)
- $7,578,112
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $8,026 | $0 | 2023 |
| Bank Of Ann Arbor | ADVISOR | $0 | $0 | 2023 |