Lake Elmo Bank 401(K) Plan — Form 5500 plan (Lake Elmo 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, Lake Elmo Bank 401(K) Plan is a benefit plan reported by Lake Elmo Bank under EIN 41-0557070 and plan number 002. The latest loaded filing year is 2023. The filing reports 111 participants and $13,682,069 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Lake Elmo Bank
- EIN
- 41-0557070
- Plan number
- 002
- Plan type
- 2
- Location
- Lake Elmo, MN
- Latest filing year
- 2023
- Participants
- 111
- End-of-year plan assets
- $13,682,069
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 111 | H, C | 20241008133650NAL0034875746001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $13,682,069
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $13,682,069
- Net assets (BOY)
- $12,966,390
Income & contributions
- Participant contributions
- $609,826
- Total contributions
- $812,967
- Total income / additions
- $2,700,001
Expenses & distributions
- Benefits paid
- $1,981,538
- Administrative expenses
- $2,784
- Total expenses
- $1,984,322
- Net increase / (decrease)
- $715,679
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $2,783 | $0 | 2023 |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 | 2023 |