Legend Bank Employee Stock Ownership And 401(K) Plan — Form 5500 plan (Legend 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, Legend Bank Employee Stock Ownership And 401(K) Plan is a benefit plan reported by Legend Bank under EIN 75-0150372 and plan number 002. The latest loaded filing year is 2023. The filing reports 222 participants and $34,225,425 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Legend Bank
- EIN
- 75-0150372
- Plan number
- 002
- Plan type
- 2
- Location
- Bowie, TX
- Latest filing year
- 2023
- Participants
- 222
- End-of-year plan assets
- $34,225,425
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 222 | H, C | 20240930092441NAL0009148752001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $34,225,425
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $34,225,425
- Net assets (BOY)
- $29,957,209
Income & contributions
- Employer contributions
- $715,154
- Participant contributions
- $1,053,606
- Total contributions
- $1,867,977
- Total income / additions
- $5,662,435
Expenses & distributions
- Benefits paid
- $1,274,306
- Administrative expenses
- $119,913
- Total expenses
- $1,394,219
- Net increase / (decrease)
- $4,268,216
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Benefit Plan Admin Services | TPA | $104,913 | $0 | 2023 |
| Frost Bank | ADVISOR | $15,000 | not reported in the loaded dataset | 2023 |