American Federal Bank Employee Stock Ownership 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 Employee Stock Ownership Plan is a benefit plan reported by American Federal Bank under EIN 41-0229822 and plan number 003. The latest loaded filing year is 2023. The filing reports 132 participants and $14,898,455 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
- 003
- Plan type
- 2
- Location
- Fargo, ND
- Latest filing year
- 2023
- Participants
- 132
- End-of-year plan assets
- $14,898,455
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 132 | H, C | 20241011133332NAL0037060656001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $14,898,455
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $14,898,455
- Net assets (BOY)
- $16,433,841
Income & contributions
- Employer contributions
- $378,283
- Total contributions
- $378,283
- Total income / additions
- $297,062
Expenses & distributions
- Benefits paid
- $1,803,045
- Administrative expenses
- $29,403
- Total expenses
- $1,832,448
- Net increase / (decrease)
- -$1,535,386
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Transition Finance Strategies, LLC | NONE | $19,740 | not reported in the loaded dataset | 2023 |
| Eide Bailly | NONE | $7,375 | not reported in the loaded dataset | 2023 |