Plan5500

Independent Community Bankers Of America Savings And Thrift Plan — Form 5500 plan (Independent Community Bankers Of America)

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, Independent Community Bankers Of America Savings And Thrift Plan is a benefit plan reported by Independent Community Bankers Of America under EIN 41-0327400 and plan number 002. The latest loaded filing year is 2023. The filing reports 334 participants and $57,538,432 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$57.5MPlan net assets, end of year$57,538,432
Participants334Covered participants reported
Assets / participant$172.3KComputed: assets ÷ participants$172,271 (computed)
Provider compensation$61.2K2 Schedule C provider row(s)$61,204
Plan sponsor
Independent Community Bankers Of America
EIN
41-0327400
Plan number
002
Plan type
2
Location
Washington, DC
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023334H, C20240731073118NAL0012507779001
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$57.5M total assets
Net assets$57.5MLiabilities$0
Money in vs. money out
Total income / additions$14.8M
Total expenses$5.6M
Benefits paid / distributions$5.5M
Contributions
Employer$1.8M
Participant$2.7M
Full reported line items

Net assets

Total assets (EOY)
$57,538,432
Total liabilities (EOY)
$0
Net assets (EOY)
$57,538,432
Net assets (BOY)
$48,384,264

Income & contributions

Employer contributions
$1,762,759
Participant contributions
$2,681,036
Total contributions
$5,257,077
Total income / additions
$14,752,818

Expenses & distributions

Benefits paid
$5,537,487
Administrative expenses
$61,163
Total expenses
$5,598,650
Net increase / (decrease)
$9,154,168

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Principal Life Insurance CompanyCONTRACT ADMINISTRATOR$61,204$02023
Morningstar Investment Management LINV ADV, PARTICIPANTS$0$02023

Related Form 5500 pages