2023 Form 5500 filing — Branch Financial 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 20241004101848NAL0020215776001) for Branch Financial 401(K) Plan, reported by Branch Financial, Inc. under EIN 82-0628587 and plan number 001. It reports 490 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241004101848NAL0020215776001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Branch Financial, Inc.
- EIN
- 82-0628587
- Plan number
- 001
- Location
- Columbus, OH
- Participants
- 490
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $9,616,113
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $9,616,113
- Employer contributions
- $1,125,174
- Participant contributions
- $3,020,337
- Total income / additions
- $6,196,231
- Benefits paid
- $1,535,296
- Administrative expenses
- $106,679
- Total expenses
- $1,641,975
- Net increase / (decrease)
- $4,554,256
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Transamerica Retirement Solutions | RECORDKEEPER | $77,025 | $0 |
| Lpl Financial Corporation | BROKER | $0 | $29,823 |
| Creative Retirement Systems, Inc | RECORDKEEPER | $25,219 | $178 |
| Leafhouse Financial Advisors, LLC | INVESTMENT ADVISORY | $3,590 | not reported in the loaded dataset |