Bankprov 401(K) Plan — Form 5500 plan (Bankprov)
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, Bankprov 401(K) Plan is a benefit plan reported by Bankprov under EIN 04-3497377 and plan number 002. The latest loaded filing year is 2023. The filing reports 286 participants and $24,819,749 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$24.8MPlan net assets, end of year$24,819,749
Participants286Covered participants reported
Assets / participant$86.8KComputed: assets ÷ participants$86,782 (computed)
Provider compensation$66.6K2 Schedule C provider row(s)$66,560
- Plan sponsor
- Bankprov
- EIN
- 04-3497377
- Plan number
- 002
- Plan type
- 2
- Location
- Amesbury, MA
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 286 | H, C | 20240611081737NAL0043738672001 |
Schedule H · 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)$24.8M total assets
Net assets$24.8MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $24,819,749
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $24,819,749
- Net assets (BOY)
- $19,894,018
Income & contributions
- Employer contributions
- $1,131,309
- Participant contributions
- $1,614,541
- Total contributions
- $3,545,101
- Total income / additions
- $7,316,855
Expenses & distributions
- Benefits paid
- $2,324,569
- Administrative expenses
- $66,555
- Total expenses
- $2,391,124
- Net increase / (decrease)
- $4,925,731
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.
41%59%
Employer 41%Participant 59%
Total expenses ÷ net assets10%Computed ratio
Benefits paid ÷ total income32%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $44,702 | $0 | 2023 |
| Commerce Street Investment Advisors | INVESTMENT ADVISORY | $21,852 | $6 | 2023 |