Mb&T Salary Saving Plan — Form 5500 plan (Montecito Bank And Trust)
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, Mb&T Salary Saving Plan is a benefit plan reported by Montecito Bank And Trust under EIN 95-2900153 and plan number 001. The latest loaded filing year is 2023. The filing reports 335 participants and $38,704,968 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Montecito Bank And Trust
- EIN
- 95-2900153
- Plan number
- 001
- Plan type
- 2
- Location
- Santa Barbara, CA
- Latest filing year
- 2023
- Participants
- 335
- End-of-year plan assets
- $38,704,968
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 335 | H, C | 20241011151218NAL0011091603001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $38,704,968
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $38,704,968
- Net assets (BOY)
- $33,949,255
Income & contributions
- Employer contributions
- $1,369,898
- Participant contributions
- $2,594,011
- Total contributions
- $4,466,070
- Total income / additions
- $9,752,797
Expenses & distributions
- Benefits paid
- $4,841,139
- Administrative expenses
- $138,420
- Total expenses
- $4,997,084
- Net increase / (decrease)
- $4,755,713
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Capfinancial Partners LLC Dba | INVESTMENT ADVISOR | $79,568 | not reported in the loaded dataset | 2023 |
| Empower Annuity Insurance Company | RECORDKEEPER | $58,852 | $0 | 2023 |