Grove Bank & Trust 401(K) Profit Sharing Plan — Form 5500 plan (Grove Bank & Trust)
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, Grove Bank & Trust 401(K) Profit Sharing Plan is a benefit plan reported by Grove Bank & Trust under EIN 59-0199400 and plan number 003. The latest loaded filing year is 2023. The filing reports 149 participants and $8,624,885 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Grove Bank & Trust
- EIN
- 59-0199400
- Plan number
- 003
- Plan type
- 2
- Location
- Miami, FL
- Latest filing year
- 2023
- Participants
- 149
- End-of-year plan assets
- $8,624,885
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 149 | H, C | 20241015125425NAL0029693825002 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $8,624,885
- Total liabilities (EOY)
- $15,614
- Net assets (EOY)
- $8,609,271
- Net assets (BOY)
- $8,858,738
Income & contributions
- Employer contributions
- $442,774
- Participant contributions
- $864,591
- Total contributions
- $1,617,943
- Total income / additions
- $2,984,368
Expenses & distributions
- Benefits paid
- $3,069,973
- Administrative expenses
- $58,787
- Total expenses
- $3,233,835
- Net increase / (decrease)
- -$249,467
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Annuity Insurance Company | RECORDKEEPER | $27,666 | $0 | 2023 |
| Onedigital Investment Advisors LLC | INVESTMENT ADVISOR | $22,348 | $0 | 2023 |
| Definiti LLC | CONTRACT ADMIN | $8,075 | $8,939 | 2023 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $1,650 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Grove Bank & Trust
- 2023 Form 5500 filing
- Form 5500 filings in FL
- 401(k) and benefit plan filings in Miami, FL
- Empower Annuity Insurance Company — Schedule C compensation
- Onedigital Investment Advisors LLC — Schedule C compensation
- Definiti LLC — Schedule C compensation
- Empower Advisory Group, LLC — Schedule C compensation