2023 Form 5500 filing — American Business 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 20241015150258NAL0048543936001) for American Business Bank 401(K) Plan, reported by American Business Bank under EIN 91-1907220 and plan number 001. It reports 260 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015150258NAL0048543936001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- American Business Bank
- EIN
- 91-1907220
- Plan number
- 001
- Location
- Los Angeles, CA
- Participants
- 260
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $37,478,562
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $37,478,562
- Employer contributions
- $864,139
- Participant contributions
- $2,276,532
- Total income / additions
- $9,064,228
- Benefits paid
- $2,408,816
- Administrative expenses
- $11,233
- Total expenses
- $2,420,049
- Net increase / (decrease)
- $6,644,179
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Actuarial Benefits Corporation | OTHER SERVICES | $0 | $15,393 |
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $11,219 | $0 |