2023 Form 5500 filing — Traditional Bank, Inc. 401(K) 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 20240722101124NAL0016077648001) for Traditional Bank, Inc. 401(K) Profit Sharing Plan, reported by Traditional Bank, Inc. under EIN 61-0284535 and plan number 003. It reports 308 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240722101124NAL0016077648001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Traditional Bank, Inc.
- EIN
- 61-0284535
- Plan number
- 003
- Location
- Mt. Sterling, KY
- Participants
- 308
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $34,563,188
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $34,563,188
- Employer contributions
- $1,446,323
- Participant contributions
- $1,077,172
- Total income / additions
- $7,376,698
- Benefits paid
- $1,051,750
- Administrative expenses
- -$62,123
- Total expenses
- $989,627
- Net increase / (decrease)
- $6,387,071
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Keystone Financial Group LLC | INVESTMENT ADVISORY-PLAN | $38,829 | not reported in the loaded dataset |
| Faulkner King Wenz Psc | AUDIT | $9,100 | not reported in the loaded dataset |
| Transamerica Life Insurance Co | RECORDKEEPER | $7,449 | $0 |
| Mesirow Financial, Inc | INVESTMENT ADVISORY-PLAN | $5,344 | not reported in the loaded dataset |
| Benefits Administrators, LLC | RECORDKEEPER | $1,100 | $875 |
| Charles Schwab & Co, Inc. | SECURITIES BROKERAGE | $40 | $0 |