Smartbank 401(K) Retirement Plan — Form 5500 plan (Smartbank)
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, Smartbank 401(K) Retirement Plan is a benefit plan reported by Smartbank under EIN 20-4091629 and plan number 001. The latest loaded filing year is 2023. The filing reports 730 participants and $48,375,908 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Smartbank
- EIN
- 20-4091629
- Plan number
- 001
- Plan type
- 2
- Location
- Knoxville, TN
- Latest filing year
- 2023
- Participants
- 730
- End-of-year plan assets
- $48,375,908
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 730 | H, C | 20241015091544NAL0014295475001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $48,375,908
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $48,375,908
- Net assets (BOY)
- $39,879,401
Income & contributions
- Employer contributions
- $1,813,009
- Participant contributions
- $3,545,440
- Total contributions
- $7,001,752
- Total income / additions
- $13,913,109
Expenses & distributions
- Benefits paid
- $5,241,927
- Administrative expenses
- $174,675
- Total expenses
- $5,416,602
- Net increase / (decrease)
- $8,496,507
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| The Trust Company Of Tennessee Inc | NONE | $174,675 | $0 | 2023 |