2023 Form 5500 filing — North Carolina Bankers Association Health Benefit Trust
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 20240927161005NAL0001415987002) for North Carolina Bankers Association Health Benefit Trust, reported by North Carolina Bankers Association under EIN 56-0340440 and plan number 501. It reports 2,149 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240927161005NAL0001415987002
- Filing year
- 2023
- Form type
- 3
- Plan sponsor
- North Carolina Bankers Association
- EIN
- 56-0340440
- Plan number
- 501
- Location
- Raleigh, NC
- Participants
- 2,149
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $10,357,954
- Total liabilities (EOY)
- $2,354,743
- Net assets (EOY)
- $8,003,211
- Participant contributions
- $29,812,969
- Total income / additions
- $32,060,715
- Benefits paid
- $30,923,897
- Administrative expenses
- $3,049,837
- Total expenses
- $33,973,734
- Net increase / (decrease)
- -$1,913,019
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Community Bank Services Inc | THIRD PARTY ADMINISTRATOR | $1,192,080 | $88,022 |
| Scott Insurance | ADVISORY SERVICES | $53,583 | $88,022 |
| Sentry Health | MONITORING SERVICES | $141,485 | not reported in the loaded dataset |
| Businesssolver.Com, Inc | CONSULTING | $86,547 | not reported in the loaded dataset |
| Hcms Group | HEALTH INFORMATION SERVIC | $74,203 | not reported in the loaded dataset |
| Johnson Lambert Llp | AUDIT AND TAX SERVICES | $61,795 | not reported in the loaded dataset |
| Brooks Pierce | LEGAL SERVICES | $44,081 | not reported in the loaded dataset |
| Rudd & Wisdom, Inc. | ACTUARY | $28,450 | not reported in the loaded dataset |
| Zurich Insurance Co. | INSURANCE AGENT | $12,622 | not reported in the loaded dataset |