2023 Form 5500 filing — Eastern Savings Bank Savings 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 20240905095350NAL0021390801001) for Eastern Savings Bank Savings Plan, reported by Eastern Savings Bank under EIN 52-0623475 and plan number 001. It reports 136 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240905095350NAL0021390801001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Eastern Savings Bank
- EIN
- 52-0623475
- Plan number
- 001
- Location
- Hunt Valley, MD
- Participants
- 136
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $35,550,683
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $35,550,683
- Employer contributions
- $227,104
- Participant contributions
- $845,178
- Total income / additions
- $6,357,363
- Benefits paid
- $2,146,703
- Administrative expenses
- $83,998
- Total expenses
- $2,230,701
- Net increase / (decrease)
- $4,126,662
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $83,997 | $0 |
| Mercer Investments LLC | INVESTMENT ADVISORY | $0 | $52,134 |
| Morningstar Investment Management L | INV ADV, PARTICIPANTS | $0 | $0 |