2023 Form 5500 filing — Sba Defined Contribution Plan For Trupoint Bank
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 20240918114905NAL0004283937001) for Sba Defined Contribution Plan For Trupoint Bank, reported by Trupoint Bank under EIN 54-0924883 and plan number 002. It reports 172 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240918114905NAL0004283937001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Trupoint Bank
- EIN
- 54-0924883
- Plan number
- 002
- Location
- Grundy, VA
- Participants
- 172
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $11,318,614
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $11,318,614
- Employer contributions
- $263,834
- Participant contributions
- $459,527
- Total income / additions
- $2,286,853
- Benefits paid
- $1,247,324
- Administrative expenses
- $73,676
- Total expenses
- $1,321,000
- Net increase / (decrease)
- $965,853
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Voya Retirement Insurance & Annuity | RECORDLKEEPER | $47,711 | $0 |
| Vba Benefits Corporation | SERVICE PROVIDER | $25,965 | not reported in the loaded dataset |