Willamette Valley Bank 401(K) Profit Sharing Plan — Form 5500 plan (Willamette Valley 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, Willamette Valley Bank 401(K) Profit Sharing Plan is a benefit plan reported by Willamette Valley Bank under EIN 93-1277376 and plan number 001. The latest loaded filing year is 2023. The filing reports 217 participants and $13,172,807 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Willamette Valley Bank
- EIN
- 93-1277376
- Plan number
- 001
- Plan type
- 2
- Location
- Salem, OR
- Latest filing year
- 2023
- Participants
- 217
- End-of-year plan assets
- $13,172,807
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 217 | H, C | 20240730191107NAL0021504801001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $13,172,807
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $13,172,807
- Net assets (BOY)
- $11,383,463
Income & contributions
- Employer contributions
- $240,129
- Participant contributions
- $948,035
- Total contributions
- $1,428,051
- Total income / additions
- $3,421,905
Expenses & distributions
- Benefits paid
- $1,514,081
- Administrative expenses
- $50,517
- Total expenses
- $1,632,561
- Net increase / (decrease)
- $1,789,344
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Annuity Insurance Company | RECORDKEEPER | $42,030 | $0 | 2023 |
| Mmlis | BROKER/ADVISOR | $0 | $28,742 | 2023 |
| Independent Retirement Consulting | CONTRACT ADMIN | $9,938 | not reported in the loaded dataset | 2023 |