2023 Form 5500 filing — Sba Defined Contribution Plan For Skyline National Bank
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 20241009164237NAL0010850467001) for Sba Defined Contribution Plan For Skyline National Bank, reported by Skyline National Bank under EIN 54-0228860 and plan number 002. It reports 251 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241009164237NAL0010850467001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Skyline National Bank
- EIN
- 54-0228860
- Plan number
- 002
- Location
- Independence, VA
- Participants
- 251
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $9,267,413
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $9,267,413
- Employer contributions
- $395,884
- Participant contributions
- $616,331
- Total income / additions
- $2,270,819
- Benefits paid
- $457,373
- Administrative expenses
- $69,172
- Total expenses
- $526,545
- Net increase / (decrease)
- $1,744,274
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Voya Retirement Insurance & Annuity | SERVICE PROVIDER | $49,219 | $0 |
| Vba Benefits Corporation | SERVICE PROVIDER | $19,864 | not reported in the loaded dataset |