2023 Form 5500 filing — Ponce Bank Employee Stock Ownership Plan With 401(K) Provisions
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 20241015092125NAL0029117537001) for Ponce Bank Employee Stock Ownership Plan With 401(K) Provisions, reported by Ponce Bank under EIN 82-2922475 and plan number 003. It reports 271 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015092125NAL0029117537001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Ponce Bank
- EIN
- 82-2922475
- Plan number
- 003
- Location
- Bronx, NY
- Participants
- 271
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $31,102,282
- Total liabilities (EOY)
- $13,317,412
- Net assets (EOY)
- $17,784,870
- Employer contributions
- $1,353,324
- Participant contributions
- $1,108,535
- Total income / additions
- $5,120,048
- Benefits paid
- $1,544,670
- Administrative expenses
- $37,672
- Total expenses
- $1,888,133
- Net increase / (decrease)
- $3,231,915
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Pentegra Retirement Services | RECORDKEEPER | $37,292 | not reported in the loaded dataset |
| Pentegra Services Inc. | CONTRACT ADMIN | $205 | not reported in the loaded dataset |
| Empower Life & Annuity Insurance | RECORDKEEPER | $195 | $0 |