2023 Form 5500 filing — Performance Bankers, Inc. Retirement 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 20241010132855NAL0020144561001) for Performance Bankers, Inc. Retirement Savings Plan, reported by Performance Bankers, Inc. under EIN 46-0373528 and plan number 001. It reports 901 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241010132855NAL0020144561001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Performance Bankers, Inc.
- EIN
- 46-0373528
- Plan number
- 001
- Location
- Pierre, SD
- Participants
- 901
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $89,154,383
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $89,154,383
- Employer contributions
- $2,958,141
- Participant contributions
- $4,316,040
- Total income / additions
- $19,753,262
- Benefits paid
- $7,289,864
- Administrative expenses
- $162,810
- Total expenses
- $7,452,674
- Net increase / (decrease)
- $12,300,588
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $162,810 | $1,233 |
| Performance Bankers, Inc. | CONTRACT ADMINISTRATOR | $0 | $27,475 |
| Gallager Benefit Services, Inc. | CONSULTANT | $0 | $26,000 |
| Morningstar Investment Management L | INV ADV, PARTICIPANTS | $0 | $0 |