Sandy Spring Bancorp, Inc. Retirement Income Plan — Form 5500 plan (Sandy Spring Bancorp, 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, Sandy Spring Bancorp, Inc. Retirement Income Plan is a benefit plan reported by Sandy Spring Bancorp, Inc. under EIN 52-1532952 and plan number 001. The latest loaded filing year is 2023. The filing reports 471 participants and $0 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Sandy Spring Bancorp, Inc.
- EIN
- 52-1532952
- Plan number
- 001
- Plan type
- 2
- Location
- Olney, MD
- Latest filing year
- 2023
- Participants
- 471
- End-of-year plan assets
- $0
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 471 | H, C | 20240523153233NAL0009582864001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $0
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $0
- Net assets (BOY)
- $32,287,924
Income & contributions
- Employer contributions
- $1,428,578
- Total contributions
- $1,428,578
- Total income / additions
- $2,830,110
Expenses & distributions
- Benefits paid
- $34,968,582
- Administrative expenses
- $149,452
- Total expenses
- $35,118,034
- Net increase / (decrease)
- -$32,287,924
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $149,451 | $0 | 2023 |
| Morgan Stanley Global | INVESTMENT ADVISORY | $24,598 | not reported in the loaded dataset | 2023 |