Preferred Mutual Insurance Company Retirement Benefit Accumulation Plan — Form 5500 plan (Preferred Mutual Insurance 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, Preferred Mutual Insurance Company Retirement Benefit Accumulation Plan is a benefit plan reported by Preferred Mutual Insurance Company under EIN 15-0420080 and plan number 001. The latest loaded filing year is 2023. The filing reports 469 participants and $49,401,822 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Preferred Mutual Insurance Company
EIN
15-0420080
Plan number
001
Plan type
2
Location
New Berlin, NY
Latest filing year
2023
Participants
469
End-of-year plan assets
$49,401,822

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023469H, C20241008160841NAL0008557107001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$49,401,822
Total liabilities (EOY)
$0
Net assets (EOY)
$49,401,822
Net assets (BOY)
$44,927,100

Income & contributions

Total contributions
$0
Total income / additions
$6,363,237

Expenses & distributions

Benefits paid
$1,597,857
Administrative expenses
$290,658
Total expenses
$1,888,515
Net increase / (decrease)
$4,474,722

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Nbt Bank, N.A.CUSTODIAL SERVICES$101,923$02023
Fidelity Management Trust CompanyADMINSTRATION/CUSTODY$95,347not reported in the loaded dataset2023
BpasACTUARY$21,159not reported in the loaded dataset2023

Related Form 5500 pages