Peoples State Bank Profit Sharing 401(K) Plan — Form 5500 plan (Peoples State 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, Peoples State Bank Profit Sharing 401(K) Plan is a benefit plan reported by Peoples State Bank under EIN 39-0987942 and plan number 002. The latest loaded filing year is 2023. The filing reports 254 participants and $26,164,879 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Peoples State Bank
- EIN
- 39-0987942
- Plan number
- 002
- Plan type
- 2
- Location
- Wausau, WI
- Latest filing year
- 2023
- Participants
- 254
- End-of-year plan assets
- $26,164,879
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 254 | H, C | 20240924140410NAL0012860577001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $26,164,879
- Total liabilities (EOY)
- $9,614
- Net assets (EOY)
- $26,155,265
- Net assets (BOY)
- $24,264,326
Income & contributions
- Employer contributions
- $884,169
- Participant contributions
- $982,207
- Total contributions
- $2,196,071
- Total income / additions
- $5,663,496
Expenses & distributions
- Benefits paid
- $3,660,098
- Administrative expenses
- $112,459
- Total expenses
- $3,772,557
- Net increase / (decrease)
- $1,890,939
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Raymond James And Associates, Inc. | NONE | $58,842 | not reported in the loaded dataset | 2023 |
| Alerus Financial, N.A. | NONE | $53,617 | $0 | 2023 |