Shore United Bank 401k Plan — Form 5500 plan (Shore United 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, Shore United Bank 401k Plan is a benefit plan reported by Shore United Bank under EIN 52-1974638 and plan number 001. The latest loaded filing year is 2023. The filing reports 786 participants and $64,760,651 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Shore United Bank
- EIN
- 52-1974638
- Plan number
- 001
- Plan type
- 2
- Location
- Easton, MD
- Latest filing year
- 2023
- Participants
- 786
- End-of-year plan assets
- $64,760,651
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 786 | H, C | 20241015152308NAL0056929810001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $64,760,651
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $64,760,651
- Net assets (BOY)
- $39,158,705
Income & contributions
- Employer contributions
- $1,639,341
- Participant contributions
- $3,486,592
- Total contributions
- $7,645,898
- Total income / additions
- $14,663,890
Expenses & distributions
- Benefits paid
- $8,625,258
- Administrative expenses
- $125,593
- Total expenses
- $8,750,851
- Net increase / (decrease)
- $5,913,039
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $125,593 | $0 | 2023 |
| Global Retirement Partners LLC | INVESTMENT ADVISORY | $0 | $40,144 | 2023 |