2023 Form 5500 filing — Sturgis Bank & Trust Company 401(K) Profit Sharing Plan & 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 20241015195937NAL0057977522001) for Sturgis Bank & Trust Company 401(K) Profit Sharing Plan & Trust, reported by Sturgis Bank & Trust Company under EIN 38-1080012 and plan number 004. It reports 231 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015195937NAL0057977522001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Sturgis Bank & Trust Company
- EIN
- 38-1080012
- Plan number
- 004
- Location
- Sturgis, MI
- Participants
- 231
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $12,488,192
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $12,488,192
- Employer contributions
- $430,350
- Participant contributions
- $1,024,222
- Total income / additions
- $2,626,678
- Benefits paid
- $1,337,358
- Administrative expenses
- $24,249
- Total expenses
- $1,361,607
- Net increase / (decrease)
- $1,265,071
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Pcs Retirement, LLC | CONTRACT ADMINISTRATOR | $18,241 | $0 |
| Doeren Mayhew | TPA | $6,008 | not reported in the loaded dataset |