Northern Bank And Trust Company 401(K) Plan — Form 5500 plan (Northern Bank & Trust Company)
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, Northern Bank And Trust Company 401(K) Plan is a benefit plan reported by Northern Bank & Trust Company under EIN 04-2265819 and plan number 001. The latest loaded filing year is 2023. The filing reports 308 participants and $22,824,395 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Northern Bank & Trust Company
- EIN
- 04-2265819
- Plan number
- 001
- Plan type
- 2
- Location
- Woburn, MA
- Latest filing year
- 2023
- Participants
- 308
- End-of-year plan assets
- $22,824,395
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 308 | H, C | 20240726110635NAL0034108146001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $22,824,395
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $22,824,395
- Net assets (BOY)
- $19,565,124
Income & contributions
- Employer contributions
- $468,067
- Participant contributions
- $1,820,705
- Total contributions
- $2,496,655
- Total income / additions
- $5,796,287
Expenses & distributions
- Benefits paid
- $2,434,341
- Administrative expenses
- $97,579
- Total expenses
- $2,537,016
- Net increase / (decrease)
- $3,259,271
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Stragegic Financial Services | ADVISOR | $65,194 | $0 | 2023 |
| Benefit Plan Admin Services, Inc. | RECORDKEEPER | $32,385 | $0 | 2023 |