Fortifi Bank 401(K) Plan — Form 5500 plan (Fortifi 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, Fortifi Bank 401(K) Plan is a benefit plan reported by Fortifi Bank under EIN 39-0280510 and plan number 002. The latest loaded filing year is 2023. The filing reports 139 participants and $8,692,862 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Fortifi Bank
- EIN
- 39-0280510
- Plan number
- 002
- Plan type
- 2
- Location
- Berlin, WI
- Latest filing year
- 2023
- Participants
- 139
- End-of-year plan assets
- $8,692,862
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 139 | H, C | 20240624135601NAL0004014275001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $8,692,862
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $8,692,862
- Net assets (BOY)
- $6,788,623
Income & contributions
- Employer contributions
- $243,529
- Participant contributions
- $611,144
- Total contributions
- $967,360
- Total income / additions
- $2,296,158
Expenses & distributions
- Benefits paid
- $359,008
- Administrative expenses
- $32,911
- Total expenses
- $391,919
- Net increase / (decrease)
- $1,904,239
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Spectrum Investment Advisors Inc | INVESTMENT ADVISOR | $15,404 | not reported in the loaded dataset | 2023 |
| Empower Annuity Insurance Company | RECORDKEEPER | $14,986 | $0 | 2023 |
| Vrakas/Blum, S.C. | AUDITOR | $1,381 | not reported in the loaded dataset | 2023 |
| Ppg Retirement Plan Services | OTHER | $1,140 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Fortifi Bank
- 2023 Form 5500 filing
- Form 5500 filings in WI
- 401(k) and benefit plan filings in Berlin, WI
- Spectrum Investment Advisors Inc — Schedule C compensation
- Empower Annuity Insurance Company — Schedule C compensation
- Vrakas/Blum, S.C. — Schedule C compensation
- Ppg Retirement Plan Services — Schedule C compensation