Wayne Savings Community Bank 401(K) Plan — Form 5500 plan (Wayne Savings Community 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, Wayne Savings Community Bank 401(K) Plan is a benefit plan reported by Wayne Savings Community Bank under EIN 34-0606020 and plan number 003. The latest loaded filing year is 2023. The filing reports 144 participants and $5,398,971 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Wayne Savings Community Bank
- EIN
- 34-0606020
- Plan number
- 003
- Plan type
- 2
- Location
- Wooster, OH
- Latest filing year
- 2023
- Participants
- 144
- End-of-year plan assets
- $5,398,971
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 144 | H, C | 20241010101155NAL0011363875001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $5,398,971
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $5,398,971
- Net assets (BOY)
- $4,506,748
Income & contributions
- Employer contributions
- $169,021
- Participant contributions
- $393,094
- Total contributions
- $1,006,483
- Total income / additions
- $1,850,644
Expenses & distributions
- Benefits paid
- $939,200
- Administrative expenses
- $19,221
- Total expenses
- $958,421
- Net increase / (decrease)
- $892,223
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Whitaker Myers Wealth Managers, Ltd | INVESTMENT ADVISOR | $10,059 | $0 | 2023 |
| July Business Services, LLC | RECORDKEEPER | $8,764 | $0 | 2023 |