Sbbnet/Loanbright.Com Employee Stock Ownership Plan — Form 5500 plan (Sbbnet, Inc./Loan Bright.Com)

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, Sbbnet/Loanbright.Com Employee Stock Ownership Plan is a benefit plan reported by Sbbnet, Inc./Loan Bright.Com under EIN 04-3472511 and plan number 002. The latest loaded filing year is 2023. The filing reports 42 participants and $1,574,642 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$1.6MPlan net assets, end of year$1,574,642
Participants42Covered participants reported
Assets / participant$37.5KComputed: assets ÷ participants$37,491 (computed)
Provider compensationNone reported
Plan sponsor
Sbbnet, Inc./Loan Bright.Com
EIN
04-3472511
Plan number
002
Plan type
2
Location
Evergreen, CO
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
202342I20241011114737NAL0010879715001
Schedule I · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$1.6M total assets
Net assets$1.6MLiabilities
Money in vs. money out
Total income / additions-$265.1K
Total expenses$150.7K
Benefits paid / distributions$150.7K
Contributions
Employer$480K
ParticipantNot reported
Full reported line items

Net assets

Total assets (EOY)
$1,574,642
Net assets (EOY)
$1,574,642
Net assets (BOY)
$1,990,447

Income & contributions

Employer contributions
$480,000
Total income / additions
-$265,117

Expenses & distributions

Benefits paid
$150,688
Total expenses
$150,688
Net increase / (decrease)
-$415,805
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Total expenses ÷ net assets10%Computed ratio

Service provider compensation (Schedule C)

No Schedule C service provider compensation is loaded for this plan yet.

Related Form 5500 pages