2023 Form 5500 filing — West Gate Bank Profit Sharing 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 20241009110905NAL0009138307001) for West Gate Bank Profit Sharing 401(K) Plan, reported by West Gate Bank under EIN 47-0523112 and plan number 001. It reports 296 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241009110905NAL0009138307001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- West Gate Bank
- EIN
- 47-0523112
- Plan number
- 001
- Location
- Lincoln, NE
- Participants
- 296
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $17,936,815
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $17,936,815
- Employer contributions
- $527,457
- Participant contributions
- $1,143,670
- Total income / additions
- $4,245,477
- Benefits paid
- $1,642,000
- Administrative expenses
- $27,533
- Total expenses
- $1,669,533
- Net increase / (decrease)
- $2,575,944
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Da Davidson & Co | INVESTMENT ADVISOR | $23,736 | not reported in the loaded dataset |
| West Gate Bank | OTHER | $1,947 | not reported in the loaded dataset |
| Capital Group Retirement Plan Svcs. | RECORDKEEPER | $1,850 | $0 |