Ponce Bank Employee Stock Ownership Plan With 401(K) Provisions — Form 5500 plan (Ponce 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, Ponce Bank Employee Stock Ownership Plan With 401(K) Provisions is a benefit plan reported by Ponce Bank under EIN 82-2922475 and plan number 003. The latest loaded filing year is 2023. The filing reports 271 participants and $31,102,282 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Ponce Bank
- EIN
- 82-2922475
- Plan number
- 003
- Plan type
- 2
- Location
- Bronx, NY
- Latest filing year
- 2023
- Participants
- 271
- End-of-year plan assets
- $31,102,282
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 271 | H, C | 20241015092125NAL0029117537001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $31,102,282
- Total liabilities (EOY)
- $13,317,412
- Net assets (EOY)
- $17,784,870
- Net assets (BOY)
- $14,552,955
Income & contributions
- Employer contributions
- $1,353,324
- Participant contributions
- $1,108,535
- Total contributions
- $2,689,173
- Total income / additions
- $5,120,048
Expenses & distributions
- Benefits paid
- $1,544,670
- Administrative expenses
- $37,672
- Total expenses
- $1,888,133
- Net increase / (decrease)
- $3,231,915
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Pentegra Retirement Services | RECORDKEEPER | $37,292 | not reported in the loaded dataset | 2023 |
| Pentegra Services Inc. | CONTRACT ADMIN | $205 | not reported in the loaded dataset | 2023 |
| Empower Life & Annuity Insurance | RECORDKEEPER | $195 | $0 | 2023 |