2023 Form 5500 filing — Westbury 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 20241011051615NAL0021343281001) for Westbury Bank 401(K) Profit Sharing Plan, reported by Westbury Bank under EIN 39-0698030 and plan number 002. It reports 171 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241011051615NAL0021343281001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Westbury Bank
- EIN
- 39-0698030
- Plan number
- 002
- Location
- Waukesha, WI
- Participants
- 171
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $12,900,255
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $12,900,255
- Employer contributions
- $214,110
- Participant contributions
- $548,359
- Total income / additions
- $3,943,633
- Benefits paid
- $2,440,543
- Administrative expenses
- $71,100
- Total expenses
- $2,513,777
- Net increase / (decrease)
- $1,429,856
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Spectrum Investment Advisors | ADVISOR | $38,213 | not reported in the loaded dataset |
| Newport Group, Inc. | RECORDKEEPER | $25,697 | $0 |
| Newport Trust Company | TRUSTEE | $7,190 | $0 |