Gbank 401(K) Profit Sharing Plan — Form 5500 plan (Gbank)
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, Gbank 401(K) Profit Sharing Plan is a benefit plan reported by Gbank under EIN 26-0154236 and plan number 001. The latest loaded filing year is 2023. The filing reports 198 participants and $12,462,534 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Gbank
- EIN
- 26-0154236
- Plan number
- 001
- Plan type
- 2
- Location
- Las Vegas, NV
- Latest filing year
- 2023
- Participants
- 198
- End-of-year plan assets
- $12,462,534
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 198 | H, C | 20250609110132NAL0024234624001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $12,462,534
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $12,462,534
- Net assets (BOY)
- $8,742,108
Income & contributions
- Employer contributions
- $693,739
- Participant contributions
- $1,280,926
- Total contributions
- $2,736,998
- Total income / additions
- $4,618,402
Expenses & distributions
- Benefits paid
- $817,903
- Administrative expenses
- $52,514
- Total expenses
- $897,976
- Net increase / (decrease)
- $3,720,426
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Co. | CONTRACT ADMINISTRATOR | $50,803 | $0 | 2023 |
| Commonwealth Financial Network | INVESTMENT ADVISORY | $0 | $21,907 | 2023 |
| Economic Group Pension Services | CONTRACT ADMINISTRATOR | $1,715 | $15,560 | 2023 |