Pilot Point Bancorp, Inc. 401(K) Plan — Form 5500 plan (Pilot Point Bancorp, Inc.)

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, Pilot Point Bancorp, Inc. 401(K) Plan is a benefit plan reported by Pilot Point Bancorp, Inc. under EIN 75-2041458 and plan number 002. The latest loaded filing year is 2023. The filing reports 128 participants and $7,414,465 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$7.4MPlan net assets, end of year$7,414,465
Participants128Covered participants reported
Assets / participant$57.9KComputed: assets ÷ participants$57,926 (computed)
Provider compensation$34.4K2 Schedule C provider row(s)$34,434
Plan sponsor
Pilot Point Bancorp, Inc.
EIN
75-2041458
Plan number
002
Plan type
2
Location
Pilot Point, TX
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023128H, C20240726112527NAL0015348049001
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$7.4M total assets
Net assets$7.4MLiabilities$0
Money in vs. money out
Total income / additions$2.8M
Total expenses$831.2K
Benefits paid / distributions$778.7K
Contributions
Employer$1.5M
Participant$490.5K
Full reported line items

Net assets

Total assets (EOY)
$7,414,465
Total liabilities (EOY)
$0
Net assets (EOY)
$7,414,465
Net assets (BOY)
$5,467,357

Income & contributions

Employer contributions
$1,545,572
Participant contributions
$490,463
Total contributions
$2,071,268
Total income / additions
$2,778,311

Expenses & distributions

Benefits paid
$778,717
Administrative expenses
$37,952
Total expenses
$831,203
Net increase / (decrease)
$1,947,108
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 76%Participant 24%
Total expenses ÷ net assets11%Computed ratio
Benefits paid ÷ total income28%Computed ratio
Provider comp. ÷ net assets0%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Principal Life Insurance CompanyCONTRACT ADMINISTRATOR$20,035$02023
Commerce Street Investment AdvisorsINVESTMENT ADVISORY$14,399not reported in the loaded dataset2023

Related Form 5500 pages