Deerwood Bank 401(K) Profit Sharing Plan — Form 5500 plan (Deerwood 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, Deerwood Bank 401(K) Profit Sharing Plan is a benefit plan reported by Deerwood Bank under EIN 41-0216169 and plan number 001. The latest loaded filing year is 2023. The filing reports 200 participants and $13,248,397 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Deerwood Bank
- EIN
- 41-0216169
- Plan number
- 001
- Plan type
- 2
- Location
- Waite Park, MN
- Latest filing year
- 2023
- Participants
- 200
- End-of-year plan assets
- $13,248,397
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 200 | H, C | 20241007092416NAL0008746115001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $13,248,397
- Total liabilities (EOY)
- $15,732
- Net assets (EOY)
- $13,232,665
- Net assets (BOY)
- $10,482,323
Income & contributions
- Employer contributions
- $263,227
- Participant contributions
- $957,211
- Total contributions
- $1,247,468
- Total income / additions
- $3,096,525
Expenses & distributions
- Benefits paid
- $299,851
- Administrative expenses
- $30,600
- Total expenses
- $346,183
- Net increase / (decrease)
- $2,750,342
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Carlson Capital Management | NONE | $30,000 | not reported in the loaded dataset | 2023 |
| Ascensus LLC | NONE | $600 | $0 | 2023 |