Fortress Bank Profit Sharing Plan — Form 5500 plan (Fortress 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, Fortress Bank Profit Sharing Plan is a benefit plan reported by Fortress Bank under EIN 37-1232652 and plan number 001. The latest loaded filing year is 2023. The filing reports 136 participants and $8,985,556 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Fortress Bank
- EIN
- 37-1232652
- Plan number
- 001
- Plan type
- 2
- Location
- La Harpe, IL
- Latest filing year
- 2023
- Participants
- 136
- End-of-year plan assets
- $8,985,556
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 136 | H, C | 20240722110331NAL0010319633001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $8,985,556
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $8,985,556
- Net assets (BOY)
- $6,849,286
Income & contributions
- Employer contributions
- $326,515
- Participant contributions
- $651,015
- Total contributions
- $977,530
- Total income / additions
- $2,412,005
Expenses & distributions
- Benefits paid
- $273,391
- Administrative expenses
- $1,040
- Total expenses
- $275,735
- Net increase / (decrease)
- $2,136,270
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Bankers Trust Company | NONE | $1,040 | $0 | 2023 |