2023 Form 5500 filing — West Bancorporation, Inc. Employee Savings And Stock Ownership 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 20240729133803NAL0019385441001) for West Bancorporation, Inc. Employee Savings And Stock Ownership Plan, reported by West Bancorporation, Inc. under EIN 42-1230603 and plan number 001. It reports 217 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240729133803NAL0019385441001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- West Bancorporation, Inc.
- EIN
- 42-1230603
- Plan number
- 001
- Location
- West Des Moines, IA
- Participants
- 217
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $45,714,708
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $45,714,708
- Employer contributions
- $1,216,012
- Participant contributions
- $1,451,306
- Total income / additions
- $7,629,533
- Benefits paid
- $5,064,256
- Administrative expenses
- $4,455
- Total expenses
- $5,068,711
- Net increase / (decrease)
- $2,560,822
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Global Retirement Partners LLC | INVESTMENT ADVISORY | $0 | $52,734 |
| Qualified Plan Consultants | OTHER SERVICES | $0 | $10,554 |
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $4,522 | $0 |