Performance Bankers, Inc. Retirement Savings Plan — Form 5500 plan (Performance Bankers, Inc.)
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, Performance Bankers, Inc. Retirement Savings Plan is a benefit plan reported by Performance Bankers, Inc. under EIN 46-0373528 and plan number 001. The latest loaded filing year is 2023. The filing reports 901 participants and $89,154,383 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Performance Bankers, Inc.
- EIN
- 46-0373528
- Plan number
- 001
- Plan type
- 2
- Location
- Pierre, SD
- Latest filing year
- 2023
- Participants
- 901
- End-of-year plan assets
- $89,154,383
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 901 | H, C | 20241010132855NAL0020144561001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $89,154,383
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $89,154,383
- Net assets (BOY)
- $76,853,795
Income & contributions
- Employer contributions
- $2,958,141
- Participant contributions
- $4,316,040
- Total contributions
- $7,714,125
- Total income / additions
- $19,753,262
Expenses & distributions
- Benefits paid
- $7,289,864
- Administrative expenses
- $162,810
- Total expenses
- $7,452,674
- Net increase / (decrease)
- $12,300,588
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $162,810 | $1,233 | 2023 |
| Performance Bankers, Inc. | CONTRACT ADMINISTRATOR | $0 | $27,475 | 2023 |
| Gallager Benefit Services, Inc. | CONSULTANT | $0 | $26,000 | 2023 |
| Morningstar Investment Management L | INV ADV, PARTICIPANTS | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Performance Bankers, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in SD
- 401(k) and benefit plan filings in Pierre, SD
- Principal Life Insurance Company — Schedule C compensation
- Performance Bankers, Inc. — Schedule C compensation
- Gallager Benefit Services, Inc. — Schedule C compensation
- Morningstar Investment Management L — Schedule C compensation