Westbury Bank 401(K) Profit Sharing Plan — Form 5500 plan (Westbury 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, Westbury Bank 401(K) Profit Sharing Plan is a benefit plan reported by Westbury Bank under EIN 39-0698030 and plan number 002. The latest loaded filing year is 2023. The filing reports 171 participants and $12,900,255 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Westbury Bank
- EIN
- 39-0698030
- Plan number
- 002
- Plan type
- 2
- Location
- Waukesha, WI
- Latest filing year
- 2023
- Participants
- 171
- End-of-year plan assets
- $12,900,255
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 171 | H, C | 20241011051615NAL0021343281001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $12,900,255
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $12,900,255
- Net assets (BOY)
- $12,325,899
Income & contributions
- Employer contributions
- $214,110
- Participant contributions
- $548,359
- Total contributions
- $2,228,671
- Total income / additions
- $3,943,633
Expenses & distributions
- Benefits paid
- $2,440,543
- Administrative expenses
- $71,100
- Total expenses
- $2,513,777
- Net increase / (decrease)
- $1,429,856
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Spectrum Investment Advisors | ADVISOR | $38,213 | not reported in the loaded dataset | 2023 |
| Newport Group, Inc. | RECORDKEEPER | $25,697 | $0 | 2023 |
| Newport Trust Company | TRUSTEE | $7,190 | $0 | 2023 |