2023 Form 5500 filing — Lake Shore Savings Bank 401(K) 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 20241015123157NAL0056144962001) for Lake Shore Savings Bank 401(K) Savings Plan, reported by Lake Shore Savings Bank under EIN 16-0516470 and plan number 002. It reports 153 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015123157NAL0056144962001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Lake Shore Savings Bank
- EIN
- 16-0516470
- Plan number
- 002
- Location
- Dunkirk, NY
- Participants
- 153
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $16,771,909
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $16,771,909
- Employer contributions
- $457,203
- Participant contributions
- $503,803
- Total income / additions
- $4,053,719
- Benefits paid
- $2,420,874
- Administrative expenses
- $75,263
- Total expenses
- $2,496,137
- Net increase / (decrease)
- $1,557,582
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Hbks Wealth Advisors | NONE | $40,207 | not reported in the loaded dataset |
| Benefit Plan Admin Services | NONE | $35,056 | $0 |