American Federal Bank 401(K) Profit Sharing Plan — Form 5500 plan (American Federal 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, American Federal Bank 401(K) Profit Sharing Plan is a benefit plan reported by American Federal Bank under EIN 41-0229822 and plan number 001. The latest loaded filing year is 2023. The filing reports 163 participants and $25,120,613 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- American Federal Bank
- EIN
- 41-0229822
- Plan number
- 001
- Plan type
- 2
- Location
- Fargo, ND
- Latest filing year
- 2023
- Participants
- 163
- End-of-year plan assets
- $25,120,613
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 163 | H, C | 20240926114200NAL0001209922001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $25,120,613
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $25,120,613
- Net assets (BOY)
- $19,672,487
Income & contributions
- Employer contributions
- $386,979
- Participant contributions
- $1,020,121
- Total contributions
- $1,718,258
- Total income / additions
- $6,213,657
Expenses & distributions
- Benefits paid
- $715,778
- Administrative expenses
- $48,156
- Total expenses
- $765,531
- Net increase / (decrease)
- $5,448,126
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Cpi Qualified Plan Consultants, Inc | NONE | $40,953 | not reported in the loaded dataset | 2023 |
| Eide Bailly, Llp | NONE | $7,300 | not reported in the loaded dataset | 2023 |