Partners Bancorp 401k Plan — Form 5500 plan (Partners Bancorp)
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, Partners Bancorp 401k Plan is a benefit plan reported by Partners Bancorp under EIN 52-1559535 and plan number 003. The latest loaded filing year is 2023. The filing reports 310 participants and $11,246,644 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Partners Bancorp
- EIN
- 52-1559535
- Plan number
- 003
- Plan type
- 2
- Location
- Laurel, DE
- Latest filing year
- 2023
- Participants
- 310
- End-of-year plan assets
- $11,246,644
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 310 | H, C | 20241011130303NAL0012509715001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $11,246,644
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $11,246,644
- Net assets (BOY)
- $14,583,021
Income & contributions
- Employer contributions
- $404,749
- Participant contributions
- $1,264,181
- Total contributions
- $1,769,825
- Total income / additions
- $4,150,788
Expenses & distributions
- Benefits paid
- $7,444,238
- Administrative expenses
- $42,927
- Total expenses
- $7,487,165
- Net increase / (decrease)
- -$3,336,377
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Voya Retirement Insurance & Annuity | SERVICE PROVIDER | $42,706 | $0 | 2023 |
| N1 Advisors | SERVICE PROVIDER | $0 | $26,484 | 2023 |