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, State Bankshares 401(K) Profit Sharing Plan is a benefit plan reported by State Bankshares, Inc. under EIN 45-0412162 and plan number 002. The latest loaded filing year is 2023. The filing reports 2,227 participants and $275,361,058 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $275,361,058
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $275,361,058
- Net assets (BOY)
- $224,183,104
Income & contributions
- Employer contributions
- $4,984,033
- Participant contributions
- $14,201,290
- Total contributions
- $26,251,478
- Total income / additions
- $70,062,216
Expenses & distributions
- Benefits paid
- $18,847,963
- Administrative expenses
- $29,095
- Total expenses
- $18,884,908
- Net increase / (decrease)
- $51,177,308