2023 Form 5500 filing — Willamette Valley Bank 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 20240730191107NAL0021504801001) for Willamette Valley Bank 401(K) Profit Sharing Plan, reported by Willamette Valley Bank under EIN 93-1277376 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
- 20240730191107NAL0021504801001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Willamette Valley Bank
- EIN
- 93-1277376
- Plan number
- 001
- Location
- Salem, OR
- Participants
- 217
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $13,172,807
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $13,172,807
- Employer contributions
- $240,129
- Participant contributions
- $948,035
- Total income / additions
- $3,421,905
- Benefits paid
- $1,514,081
- Administrative expenses
- $50,517
- Total expenses
- $1,632,561
- Net increase / (decrease)
- $1,789,344
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company | RECORDKEEPER | $42,030 | $0 |
| Mmlis | BROKER/ADVISOR | $0 | $28,742 |
| Independent Retirement Consulting | CONTRACT ADMIN | $9,938 | not reported in the loaded dataset |