2023 Form 5500 filing — Lincoln Bancorp Employees 401(K) Profit Sharing Plan And Trust
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 20241015161947NAL0029083729001) for Lincoln Bancorp Employees 401(K) Profit Sharing Plan And Trust, reported by Lincoln Bancorp under EIN 42-1224950 and plan number 003. It reports 493 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015161947NAL0029083729001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Lincoln Bancorp
- EIN
- 42-1224950
- Plan number
- 003
- Location
- Waterloo, IA
- Participants
- 493
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $18,774,665
- Total liabilities (EOY)
- $6,684
- Net assets (EOY)
- $18,767,981
- Employer contributions
- $560,477
- Participant contributions
- $2,086,019
- Total income / additions
- $5,805,607
- Benefits paid
- $2,325,684
- Administrative expenses
- $61,411
- Total expenses
- $2,387,095
- Net increase / (decrease)
- $3,418,512
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Transition Finance Strategies | CONTRACT ADMIN | $0 | $15,653 |
| Wilshire Associates, Inc. (Usa) | RIA | $0 | $3,436 |
| John Hancock U.S.A. | RECORDKEEPER | $320 | $0 |