West Gate Bank Profit Sharing 401(K) Plan — Form 5500 plan (West Gate 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, West Gate Bank Profit Sharing 401(K) Plan is a benefit plan reported by West Gate Bank under EIN 47-0523112 and plan number 001. The latest loaded filing year is 2023. The filing reports 296 participants and $17,936,815 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- West Gate Bank
- EIN
- 47-0523112
- Plan number
- 001
- Plan type
- 2
- Location
- Lincoln, NE
- Latest filing year
- 2023
- Participants
- 296
- End-of-year plan assets
- $17,936,815
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 296 | H, C | 20241009110905NAL0009138307001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $17,936,815
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $17,936,815
- Net assets (BOY)
- $15,360,871
Income & contributions
- Employer contributions
- $527,457
- Participant contributions
- $1,143,670
- Total contributions
- $1,699,660
- Total income / additions
- $4,245,477
Expenses & distributions
- Benefits paid
- $1,642,000
- Administrative expenses
- $27,533
- Total expenses
- $1,669,533
- Net increase / (decrease)
- $2,575,944
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Da Davidson & Co | INVESTMENT ADVISOR | $23,736 | not reported in the loaded dataset | 2023 |
| West Gate Bank | OTHER | $1,947 | not reported in the loaded dataset | 2023 |
| Capital Group Retirement Plan Svcs. | RECORDKEEPER | $1,850 | $0 | 2023 |