2023 Form 5500 filing — Main Street Bank 401(K) And 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 20241011133208NAL0010971459001) for Main Street Bank 401(K) And Profit Sharing Plan, reported by Main Street Bank under EIN 04-1584100 and plan number 002. It reports 261 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241011133208NAL0010971459001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Main Street Bank
- EIN
- 04-1584100
- Plan number
- 002
- Location
- Marlborough, MA
- Participants
- 261
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $26,087,558
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $26,087,558
- Employer contributions
- $848,831
- Participant contributions
- $1,265,661
- Total income / additions
- $5,965,467
- Benefits paid
- $1,013,877
- Administrative expenses
- $35,873
- Total expenses
- $1,049,750
- Net increase / (decrease)
- $4,915,717
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Global Retirement Partners LLC | INVESTMENT ADVISOR | $28,000 | not reported in the loaded dataset |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $7,873 | not reported in the loaded dataset |
| Empower Annuity Insurance Company O | RECORDKEEPER | $0 | $0 |