2023 Form 5500 filing — Mb&T Salary Saving 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 20241011151218NAL0011091603001) for Mb&T Salary Saving Plan, reported by Montecito Bank And Trust under EIN 95-2900153 and plan number 001. It reports 335 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241011151218NAL0011091603001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Montecito Bank And Trust
- EIN
- 95-2900153
- Plan number
- 001
- Location
- Santa Barbara, CA
- Participants
- 335
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $38,704,968
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $38,704,968
- Employer contributions
- $1,369,898
- Participant contributions
- $2,594,011
- Total income / additions
- $9,752,797
- Benefits paid
- $4,841,139
- Administrative expenses
- $138,420
- Total expenses
- $4,997,084
- Net increase / (decrease)
- $4,755,713
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Capfinancial Partners LLC Dba | INVESTMENT ADVISOR | $79,568 | not reported in the loaded dataset |
| Empower Annuity Insurance Company | RECORDKEEPER | $58,852 | $0 |