Journey Bank Employees' Profit Sharing Plan — Form 5500 plan (Journey 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, Journey Bank Employees' Profit Sharing Plan is a benefit plan reported by Journey Bank under EIN 24-0528723 and plan number 002. The latest loaded filing year is 2023. The filing reports 221 participants and $15,775,368 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Journey Bank
- EIN
- 24-0528723
- Plan number
- 002
- Plan type
- 2
- Location
- Bloomsburg, PA
- Latest filing year
- 2023
- Participants
- 221
- End-of-year plan assets
- $15,775,368
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 221 | H, C | 20240717125223NAL0004041617001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $15,775,368
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $15,775,368
- Net assets (BOY)
- $15,288,089
Income & contributions
- Employer contributions
- $296,013
- Participant contributions
- $536,158
- Total contributions
- $832,171
- Total income / additions
- $2,432,676
Expenses & distributions
- Benefits paid
- $1,925,782
- Administrative expenses
- $19,615
- Total expenses
- $1,945,397
- Net increase / (decrease)
- $487,279
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Annuity Insurance Co. | RECORDKEEPER | $16,628 | $0 | 2023 |
| Lifestyle Retirement Company | CONTRACT ADMIN | $1,588 | $4,686 | 2023 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $1,000 | not reported in the loaded dataset | 2023 |