2023 Form 5500 filing — Gbc International Bank 401(K) Retirement 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 20240917163447NAL0001920099001) for Gbc International Bank 401(K) Retirement Savings Plan, reported by Gbc International Bank under EIN 95-2912747 and plan number 001. It reports 128 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240917163447NAL0001920099001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Gbc International Bank
- EIN
- 95-2912747
- Plan number
- 001
- Location
- Monterey Park, CA
- Participants
- 128
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $14,177,662
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $14,177,662
- Employer contributions
- $148,844
- Participant contributions
- $812,156
- Total income / additions
- $3,028,944
- Benefits paid
- $607,317
- Administrative expenses
- $75,895
- Total expenses
- $684,698
- Net increase / (decrease)
- $2,344,246
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $32,958 | $0 |
| Focus Operating, LLC | INVESTMENT ADVISOR | $23,883 | not reported in the loaded dataset |
| Bfsg LLC | ADVISOR | $19,053 | not reported in the loaded dataset |