2023 Form 5500 filing — Ifb 401(K) 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 20240913091122NAL0011388353001) for Ifb 401(K) Plan, reported by International Finance Bank under EIN 85-3345810 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
- 20240913091122NAL0011388353001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- International Finance Bank
- EIN
- 85-3345810
- Plan number
- 001
- Location
- Miami, FL
- Participants
- 136
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $4,577,513
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $4,577,513
- Employer contributions
- $308,552
- Participant contributions
- $527,179
- Total income / additions
- $1,662,049
- Benefits paid
- $1,301,816
- Administrative expenses
- $11,458
- Total expenses
- $1,313,274
- Net increase / (decrease)
- $348,775
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Stadion Money Management LLC- | MANAGED ACCOUNT PROVIDER | $8,414 | not reported in the loaded dataset |
| Ameritas Life Insurance Corp | BUNDLED RECORDKEEPER | $3,044 | $0 |