Lake Shore Savings Bank 401(K) Savings Plan — Form 5500 plan (Lake Shore Savings Bank)
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, Lake Shore Savings Bank 401(K) Savings Plan is a benefit plan reported by Lake Shore Savings Bank under EIN 16-0516470 and plan number 002. The latest loaded filing year is 2023. The filing reports 153 participants and $16,771,909 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Lake Shore Savings Bank
- EIN
- 16-0516470
- Plan number
- 002
- Plan type
- 2
- Location
- Dunkirk, NY
- Latest filing year
- 2023
- Participants
- 153
- End-of-year plan assets
- $16,771,909
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 153 | H, C | 20241015123157NAL0056144962001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $16,771,909
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $16,771,909
- Net assets (BOY)
- $15,214,327
Income & contributions
- Employer contributions
- $457,203
- Participant contributions
- $503,803
- Total contributions
- $1,067,812
- Total income / additions
- $4,053,719
Expenses & distributions
- Benefits paid
- $2,420,874
- Administrative expenses
- $75,263
- Total expenses
- $2,496,137
- Net increase / (decrease)
- $1,557,582
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Hbks Wealth Advisors | NONE | $40,207 | not reported in the loaded dataset | 2023 |
| Benefit Plan Admin Services | NONE | $35,056 | $0 | 2023 |