North Carolina Bankers Association Health Benefit Trust — Form 5500 plan (North Carolina Bankers Association)
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, North Carolina Bankers Association Health Benefit Trust is a benefit plan reported by North Carolina Bankers Association under EIN 56-0340440 and plan number 501. The latest loaded filing year is 2023. The filing reports 2,149 participants and $10,357,954 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- North Carolina Bankers Association
- EIN
- 56-0340440
- Plan number
- 501
- Plan type
- 3
- Location
- Raleigh, NC
- Latest filing year
- 2023
- Participants
- 2,149
- End-of-year plan assets
- $10,357,954
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 2,149 | H, C | 20240927161005NAL0001415987002 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $10,357,954
- Total liabilities (EOY)
- $2,354,743
- Net assets (EOY)
- $8,003,211
- Net assets (BOY)
- $9,916,230
Income & contributions
- Participant contributions
- $29,812,969
- Total contributions
- $29,812,969
- Total income / additions
- $32,060,715
Expenses & distributions
- Benefits paid
- $30,923,897
- Administrative expenses
- $3,049,837
- Total expenses
- $33,973,734
- Net increase / (decrease)
- -$1,913,019
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Community Bank Services Inc | THIRD PARTY ADMINISTRATOR | $1,192,080 | $88,022 | 2023 |
| Scott Insurance | ADVISORY SERVICES | $53,583 | $88,022 | 2023 |
| Sentry Health | MONITORING SERVICES | $141,485 | not reported in the loaded dataset | 2023 |
| Businesssolver.Com, Inc | CONSULTING | $86,547 | not reported in the loaded dataset | 2023 |
| Hcms Group | HEALTH INFORMATION SERVIC | $74,203 | not reported in the loaded dataset | 2023 |
| Johnson Lambert Llp | AUDIT AND TAX SERVICES | $61,795 | not reported in the loaded dataset | 2023 |
| Brooks Pierce | LEGAL SERVICES | $44,081 | not reported in the loaded dataset | 2023 |
| Rudd & Wisdom, Inc. | ACTUARY | $28,450 | not reported in the loaded dataset | 2023 |
| Zurich Insurance Co. | INSURANCE AGENT | $12,622 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for North Carolina Bankers Association
- 2023 Form 5500 filing
- Form 5500 filings in NC
- 401(k) and benefit plan filings in Raleigh, NC
- Community Bank Services Inc — Schedule C compensation
- Scott Insurance — Schedule C compensation
- Sentry Health — Schedule C compensation
- Businesssolver.Com, Inc — Schedule C compensation
- Hcms Group — Schedule C compensation
- Johnson Lambert Llp — Schedule C compensation
- Brooks Pierce — Schedule C compensation
- Rudd & Wisdom, Inc. — Schedule C compensation
- Zurich Insurance Co. — Schedule C compensation