2023 Form 5500 filing — Metro Bank 401(K)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 20241015130800NAL0048046640001) for Metro Bank 401(K)Plan, reported by Metro Bank under EIN 62-1372975 and plan number 001. It reports 189 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015130800NAL0048046640001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Metro Bank
- EIN
- 62-1372975
- Plan number
- 001
- Location
- Pell City, AL
- Participants
- 189
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $19,345,001
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $19,345,001
- Employer contributions
- $553,756
- Participant contributions
- $694,260
- Total income / additions
- $3,614,904
- Benefits paid
- $2,177,092
- Administrative expenses
- $70,041
- Total expenses
- $2,247,133
- Net increase / (decrease)
- $1,367,771
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Waverly Advisors, LLC | RIA | $70,041 | $0 |