Meridian Bank 401(K) Profit Sharing Plan — Form 5500 plan (Meridian 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, Meridian Bank 401(K) Profit Sharing Plan is a benefit plan reported by Meridian Bank under EIN 32-0116054 and plan number 001. The latest loaded filing year is 2023. The filing reports 424 participants and $41,026,173 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Meridian Bank
- EIN
- 32-0116054
- Plan number
- 001
- Plan type
- 2
- Location
- Malvern, PA
- Latest filing year
- 2023
- Participants
- 424
- End-of-year plan assets
- $41,026,173
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 424 | H, C | 20241013160433NAL0025984689001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $41,026,173
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $41,026,173
- Net assets (BOY)
- $35,233,296
Income & contributions
- Employer contributions
- $917,147
- Participant contributions
- $2,961,583
- Total contributions
- $4,161,681
- Total income / additions
- $10,217,052
Expenses & distributions
- Benefits paid
- $4,299,954
- Administrative expenses
- $78,629
- Total expenses
- $4,424,175
- Net increase / (decrease)
- $5,792,877
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Great-West Life & Annuity Insurance | RECORDKEEPER | $52,405 | $0 | 2023 |
| Associated Benefit Planners, Ltd. | CONTRACT ADMIN | $24,751 | not reported in the loaded dataset | 2023 |