Bankprov Employee Stock Ownership 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 Employee Stock Ownership Plan is a benefit plan reported by Bankprov under EIN 04-3497377 and plan number 003. The latest loaded filing year is 2023. The filing reports 275 participants and $14,680,772 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$6.9MPlan net assets, end of year$6,892,766
Participants275Covered participants reported
Assets / participant$53.4KComputed: assets ÷ participants$53,385 (computed)
Provider compensationNone reported
Plan sponsor
Bankprov
EIN
04-3497377
Plan number
003
Plan type
2
Location
Amesbury, MA
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023275H20240702131017NAL0003545571001
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)$14.7M total assets
Net assets$6.9MLiabilities$7.8M
Money in vs. money out
Total income / additions$5.1M
Total expenses$795.9K
Benefits paid / distributions$378.1K
Contributions
Employer$1M
ParticipantNot reported
Full reported line items

Net assets

Total assets (EOY)
$14,680,772
Total liabilities (EOY)
$7,788,006
Net assets (EOY)
$6,892,766
Net assets (BOY)
$2,567,760

Income & contributions

Employer contributions
$1,009,114
Total contributions
$1,009,114
Total income / additions
$5,120,934

Expenses & distributions

Benefits paid
$378,136
Administrative expenses
$0
Total expenses
$795,928
Net increase / (decrease)
$4,325,006
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 assets12%Computed ratio
Benefits paid ÷ total income7%Computed ratio

Service provider compensation (Schedule C)

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

Related Form 5500 pages