American Bank Of Commerce 401(K) Profit Sharing Plan — Form 5500 plan (American Bank Of Commerce)
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, American Bank Of Commerce 401(K) Profit Sharing Plan is a benefit plan reported by American Bank Of Commerce under EIN 75-1095067 and plan number 001. The latest loaded filing year is 2023. The filing reports 241 participants and $19,118,499 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- American Bank Of Commerce
- EIN
- 75-1095067
- Plan number
- 001
- Plan type
- 2
- Location
- Wolfforth, TX
- Latest filing year
- 2023
- Participants
- 241
- End-of-year plan assets
- $19,118,499
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 241 | H, C | 20241010171612NAL0011769571001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $19,118,499
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $19,118,499
- Net assets (BOY)
- $17,234,807
Income & contributions
- Employer contributions
- $370,962
- Participant contributions
- $1,079,563
- Total contributions
- $1,483,588
- Total income / additions
- $3,831,060
Expenses & distributions
- Benefits paid
- $1,875,299
- Administrative expenses
- $72,100
- Total expenses
- $1,947,368
- Net increase / (decrease)
- $1,883,692
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Annuity Insurance Company O | RECORDKEEPER | $38,412 | $0 | 2023 |
| Pensionmark Financial Group LLC | INVESTMENT ADVISOR | $33,688 | not reported in the loaded dataset | 2023 |