Port Washington State Bank Employees' Profit Sharing Retirement Plan — Form 5500 plan (Port Washington State 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, Port Washington State Bank Employees' Profit Sharing Retirement Plan is a benefit plan reported by Port Washington State Bank under EIN 39-0545620 and plan number 002. The latest loaded filing year is 2023. The filing reports 157 participants and $19,404,425 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Port Washington State Bank
- EIN
- 39-0545620
- Plan number
- 002
- Plan type
- 2
- Location
- Port Washington, WI
- Latest filing year
- 2023
- Participants
- 157
- End-of-year plan assets
- $19,404,425
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 157 | H, C | 20240830110800NAL0008321075001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $19,404,425
- Total liabilities (EOY)
- $20,800
- Net assets (EOY)
- $19,383,625
- Net assets (BOY)
- $17,479,964
Income & contributions
- Employer contributions
- $563,838
- Participant contributions
- $777,569
- Total contributions
- $1,349,112
- Total income / additions
- $3,879,288
Expenses & distributions
- Benefits paid
- $1,884,810
- Administrative expenses
- $90,817
- Total expenses
- $1,975,627
- Net increase / (decrease)
- $1,903,661
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Independent Financial Partners | NONE | $49,665 | not reported in the loaded dataset | 2023 |
| Stancorp Financial Group | NONE | $41,152 | not reported in the loaded dataset | 2023 |