University Bancorp, Inc. Employee Stock Ownership And Retirement Savings Plan — Form 5500 plan (University Bancorp, Inc.)
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, University Bancorp, Inc. Employee Stock Ownership And Retirement Savings Plan is a benefit plan reported by University Bancorp, Inc. under EIN 38-2929531 and plan number 002. The latest loaded filing year is 2023. The filing reports 680 participants and $29,952,793 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- University Bancorp, Inc.
- EIN
- 38-2929531
- Plan number
- 002
- Plan type
- 2
- Location
- Ann Arbor, MI
- Latest filing year
- 2023
- Participants
- 680
- End-of-year plan assets
- $29,952,793
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 680 | H, C | 20241009142840NAL0010720899001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $29,952,793
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $29,952,793
- Net assets (BOY)
- $25,299,844
Income & contributions
- Employer contributions
- $1,572,210
- Participant contributions
- $2,355,252
- Total contributions
- $4,294,669
- Total income / additions
- $7,163,833
Expenses & distributions
- Benefits paid
- $2,221,556
- Administrative expenses
- $186,417
- Total expenses
- $2,510,884
- Net increase / (decrease)
- $4,652,949
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Ladenburg Thalman Asset Management | NONE | $76,280 | not reported in the loaded dataset | 2023 |
| Watkins Ross | NONE | $63,389 | not reported in the loaded dataset | 2023 |
| Schwab Bank | NONE | $1,187 | $10,845 | 2023 |
| Epic Retirement Plan Services | NONE | $6,750 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for University Bancorp, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in MI
- 401(k) and benefit plan filings in Ann Arbor, MI
- Ladenburg Thalman Asset Management — Schedule C compensation
- Watkins Ross — Schedule C compensation
- Schwab Bank — Schedule C compensation
- Epic Retirement Plan Services — Schedule C compensation