2023 Form 5500 filing — Superior National Bank 401(K) & Profit Sharing 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 20241009101328NAL0009097859003) for Superior National Bank 401(K) & Profit Sharing Plan, reported by Superior National Bank under EIN 38-1084525 and plan number 001. It reports 242 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241009101328NAL0009097859003
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Superior National Bank
- EIN
- 38-1084525
- Plan number
- 001
- Location
- Hancock, MI
- Participants
- 242
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $25,509,947
- Net assets (EOY)
- $25,509,947
- Employer contributions
- $888,223
- Participant contributions
- $1,176,718
- Total income / additions
- $6,176,356
- Benefits paid
- $1,850,934
- Administrative expenses
- $83,121
- Total expenses
- $1,960,985
- Net increase / (decrease)
- $4,215,371
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Secure Asset Management | INVESTMENT ADVISOR | $47,832 | $0 |
| Empower Annuity Insurance Company | RECORDKEEPER | $21,770 | $0 |
| Pension Consultants Co., Inc. | TPA | $13,512 | $0 |