Benchmark Community Bank 401(K) Employee Stock Ownership Plan — Form 5500 plan (Benchmark Community 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, Benchmark Community Bank 401(K) Employee Stock Ownership Plan is a benefit plan reported by Benchmark Community Bank under EIN 54-1393963 and plan number 001. The latest loaded filing year is 2023. The filing reports 223 participants and $23,465,868 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Benchmark Community Bank
- EIN
- 54-1393963
- Plan number
- 001
- Plan type
- 2
- Location
- Kenbridge, VA
- Latest filing year
- 2023
- Participants
- 223
- End-of-year plan assets
- $23,465,868
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 223 | H, C | 20241014115636NAL0027206513001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $23,465,868
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $23,465,868
- Net assets (BOY)
- $19,016,969
Income & contributions
- Employer contributions
- $1,011,715
- Participant contributions
- $919,769
- Total contributions
- $2,056,530
- Total income / additions
- $5,759,771
Expenses & distributions
- Benefits paid
- $1,308,733
- Administrative expenses
- $2,139
- Total expenses
- $1,310,872
- Net increase / (decrease)
- $4,448,899
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Capital Research And Management Co | RECORDKEEPER | $1,340 | $0 | 2023 |
| Employee Benefits Services | CONTRACT ADMIN | $799 | not reported in the loaded dataset | 2023 |