Superior National Bank 401(K) & Profit Sharing Plan — Form 5500 plan (Superior National 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, Superior National Bank 401(K) & Profit Sharing Plan is a benefit plan reported by Superior National Bank under EIN 38-1084525 and plan number 001. The latest loaded filing year is 2023. The filing reports 242 participants and $25,509,947 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Superior National Bank
- EIN
- 38-1084525
- Plan number
- 001
- Plan type
- 2
- Location
- Hancock, MI
- Latest filing year
- 2023
- Participants
- 242
- End-of-year plan assets
- $25,509,947
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 242 | H, C | 20241009101328NAL0009097859003 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $25,509,947
- Net assets (EOY)
- $25,509,947
- Net assets (BOY)
- $21,207,768
Income & contributions
- Employer contributions
- $888,223
- Participant contributions
- $1,176,718
- Total contributions
- $2,258,544
- Total income / additions
- $6,176,356
Expenses & distributions
- Benefits paid
- $1,850,934
- Administrative expenses
- $83,121
- Total expenses
- $1,960,985
- Net increase / (decrease)
- $4,215,371
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Secure Asset Management | INVESTMENT ADVISOR | $47,832 | $0 | 2023 |
| Empower Annuity Insurance Company | RECORDKEEPER | $21,770 | $0 | 2023 |
| Pension Consultants Co., Inc. | TPA | $13,512 | $0 | 2023 |