Banctenn Corp. 401(K) Profit Sharing Plan — Form 5500 plan (Banctenn Corp)
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, Banctenn Corp. 401(K) Profit Sharing Plan is a benefit plan reported by Banctenn Corp under EIN 62-1225291 and plan number 001. The latest loaded filing year is 2023. The filing reports 353 participants and $30,257,187 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Banctenn Corp
- EIN
- 62-1225291
- Plan number
- 001
- Plan type
- 2
- Location
- Kingsport, TN
- Latest filing year
- 2023
- Participants
- 353
- End-of-year plan assets
- $30,257,187
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 353 | H, C | 20241015143914NAL0028793985001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $30,257,187
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $30,257,187
- Net assets (BOY)
- $25,639,601
Income & contributions
- Employer contributions
- $510,875
- Participant contributions
- $1,471,851
- Total contributions
- $2,172,991
- Total income / additions
- $6,531,934
Expenses & distributions
- Benefits paid
- $1,799,513
- Administrative expenses
- $114,835
- Total expenses
- $1,914,348
- Net increase / (decrease)
- $4,617,586
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Equitable Trust Company | ADVISOR | $67,780 | not reported in the loaded dataset | 2023 |
| Newport Group, Inc. | RECORDKEEPER | $47,055 | $0 | 2023 |