2023 Form 5500 filing — Banctenn Corp. 401(K) 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 20241015143914NAL0028793985001) for Banctenn Corp. 401(K) Profit Sharing Plan, reported by Banctenn Corp under EIN 62-1225291 and plan number 001. It reports 353 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015143914NAL0028793985001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Banctenn Corp
- EIN
- 62-1225291
- Plan number
- 001
- Location
- Kingsport, TN
- Participants
- 353
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $30,257,187
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $30,257,187
- Employer contributions
- $510,875
- Participant contributions
- $1,471,851
- Total income / additions
- $6,531,934
- Benefits paid
- $1,799,513
- Administrative expenses
- $114,835
- Total expenses
- $1,914,348
- Net increase / (decrease)
- $4,617,586
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Equitable Trust Company | ADVISOR | $67,780 | not reported in the loaded dataset |
| Newport Group, Inc. | RECORDKEEPER | $47,055 | $0 |