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, Townebank Stock And Savings Plan is a benefit plan reported by Townebank under EIN 54-1910608 and plan number 001. The latest loaded filing year is 2023. The filing reports 3,368 participants and $283,125,579 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $283,125,579
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $283,125,579
- Net assets (BOY)
- $244,657,805
Income & contributions
- Employer contributions
- $5,671,276
- Participant contributions
- $17,614,803
- Total contributions
- $29,277,907
- Total income / additions
- $63,440,586
Expenses & distributions
- Benefits paid
- $21,623,433
- Administrative expenses
- $380,129
- Total expenses
- $22,083,790
- Net increase / (decrease)
- $41,356,796