2023 Form 5500 filing — Freedombank Shares, Inc. Employee Stock Ownership Plan With 401(K) Provisions
Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240604163031NAL0019821121001) for Freedombank Shares, Inc. Employee Stock Ownership Plan With 401(K) Provisions, reported by Freedombank Shares, Inc. under EIN 42-0945676 and plan number 002. It reports 99 participants. Attached schedules in the loaded dataset include Schedule I (small plan financials).
- EFAST2 acknowledgement
- 20240604163031NAL0019821121001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Freedombank Shares, Inc.
- EIN
- 42-0945676
- Plan number
- 002
- Location
- Elkader, IA
- Participants
- 99
- Schedules available
- Schedule I
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $57,956,192
- Total liabilities (EOY)
- $4,503,946
- Net assets (EOY)
- $53,452,246
- Employer contributions
- $933,625
- Participant contributions
- $371,038
- Total income / additions
- -$2,304,178
- Benefits paid
- $2,022,272
- Total expenses
- $2,265,605
- Net increase / (decrease)
- -$4,569,783
- Schedule source
- Schedule I