2023 Form 5500 filing — Chelsea Groton 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 20241001145351NAL0006965617001) for Chelsea Groton Bank Savings Plan, reported by Chelsea Groton Bank under EIN 06-0376640 and plan number 002. It reports 298 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241001145351NAL0006965617001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Chelsea Groton Bank
- EIN
- 06-0376640
- Plan number
- 002
- Location
- Groton, CT
- Participants
- 298
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $40,107,564
- Net assets (EOY)
- $40,107,564
- Employer contributions
- $1,224,271
- Participant contributions
- $1,154,161
- Total income / additions
- $8,431,360
- Benefits paid
- $1,736,856
- Administrative expenses
- $85,938
- Total expenses
- $1,822,794
- Net increase / (decrease)
- $6,608,566
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Transamerica Retirement Solutions | RECORDKEEPER | $68,688 | $0 |
| Hooker & Holcombe Investment Adv | INVESTMENT ADVISORY | $17,250 | not reported in the loaded dataset |
| National Financial Services | SECURITIES BROKER | $0 | $0 |