Passumpsic Savings Bank Thrift Incentive Savings Plan — Form 5500 plan (Passumpsic Savings Bank)
Plain-English plan 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, Passumpsic Savings Bank Thrift Incentive Savings Plan is a benefit plan reported by Passumpsic Savings Bank under EIN 03-0147560 and plan number 002. The latest loaded filing year is 2023. The filing reports 204 participants and $23,033,281 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Passumpsic Savings Bank
- EIN
- 03-0147560
- Plan number
- 002
- Plan type
- 2
- Location
- St Johnsbury, VT
- Latest filing year
- 2023
- Participants
- 204
- End-of-year plan assets
- $23,033,281
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 204 | H, C | 20241014121318NAL0026118945001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $23,033,281
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $23,033,281
- Net assets (BOY)
- $18,937,229
Income & contributions
- Employer contributions
- $833,477
- Participant contributions
- $751,135
- Total contributions
- $1,584,612
- Total income / additions
- $5,599,107
Expenses & distributions
- Benefits paid
- $1,452,877
- Administrative expenses
- $50,178
- Total expenses
- $1,503,055
- Net increase / (decrease)
- $4,096,052
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Benefit Plans Admin Services, Inc | NONE | $50,178 | $0 | 2023 |