2023 Form 5500 filing — Port Washington State Bank Employees' Profit Sharing Retirement 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 20240830110800NAL0008321075001) for Port Washington State Bank Employees' Profit Sharing Retirement Plan, reported by Port Washington State Bank under EIN 39-0545620 and plan number 002. It reports 157 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240830110800NAL0008321075001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Port Washington State Bank
- EIN
- 39-0545620
- Plan number
- 002
- Location
- Port Washington, WI
- Participants
- 157
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $19,404,425
- Total liabilities (EOY)
- $20,800
- Net assets (EOY)
- $19,383,625
- Employer contributions
- $563,838
- Participant contributions
- $777,569
- Total income / additions
- $3,879,288
- Benefits paid
- $1,884,810
- Administrative expenses
- $90,817
- Total expenses
- $1,975,627
- Net increase / (decrease)
- $1,903,661
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Independent Financial Partners | NONE | $49,665 | not reported in the loaded dataset |
| Stancorp Financial Group | NONE | $41,152 | not reported in the loaded dataset |