Plan5500

Customers Bank 401(K) Plan — Form 5500 plan (Customers 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, Customers Bank 401(K) Plan is a benefit plan reported by Customers Bank under EIN 23-2892229 and plan number 001. The latest loaded filing year is 2023. The filing reports 1,269 participants and $78,615,042 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Customers Bank
EIN
23-2892229
Plan number
001
Plan type
2
Location
West Reading, PA
Latest filing year
2023
Participants
1,269
End-of-year plan assets
$78,615,042

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
20231,269H, C20240927142533NAL0002220913001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$78,615,042
Total liabilities (EOY)
$0
Net assets (EOY)
$78,615,042
Net assets (BOY)
$79,777,694

Income & contributions

Employer contributions
$2,529,577
Participant contributions
$7,805,249
Total contributions
$13,172,782
Total income / additions
$24,857,502

Expenses & distributions

Benefits paid
$8,365,111
Administrative expenses
$159,981
Total expenses
$8,526,213
Net increase / (decrease)
$16,331,289

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Fidelity Investments InstitutionalRECORDKEEPER$91,599$02023
Ubs Financial Services IncADVISOR$59,210not reported in the loaded dataset2023
Strategic Advisors, Inc.ADVISOR$9,172not reported in the loaded dataset2023

Related Form 5500 pages