2023 Form 5500 filing — Journey Bank Employees' Profit Sharing Plan
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 20240717125223NAL0004041617001) for Journey Bank Employees' Profit Sharing Plan, reported by Journey Bank under EIN 24-0528723 and plan number 002. It reports 221 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240717125223NAL0004041617001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Journey Bank
- EIN
- 24-0528723
- Plan number
- 002
- Location
- Bloomsburg, PA
- Participants
- 221
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $15,775,368
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $15,775,368
- Employer contributions
- $296,013
- Participant contributions
- $536,158
- Total income / additions
- $2,432,676
- Benefits paid
- $1,925,782
- Administrative expenses
- $19,615
- Total expenses
- $1,945,397
- Net increase / (decrease)
- $487,279
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Co. | RECORDKEEPER | $16,628 | $0 |
| Lifestyle Retirement Company | CONTRACT ADMIN | $1,588 | $4,686 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $1,000 | not reported in the loaded dataset |