Stearns Financial Services, Inc. 401(K) Plan And Trust — Form 5500 plan (Stearns Financial Services, Inc.)
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, Stearns Financial Services, Inc. 401(K) Plan And Trust is a benefit plan reported by Stearns Financial Services, Inc. under EIN 41-1655119 and plan number 002. The latest loaded filing year is 2023. The filing reports 530 participants and $29,095,104 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Stearns Financial Services, Inc.
- EIN
- 41-1655119
- Plan number
- 002
- Plan type
- 2
- Location
- St. Cloud, MN
- Latest filing year
- 2023
- Participants
- 530
- End-of-year plan assets
- $29,095,104
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 530 | H, C | 20241003073613NAL0009549345001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $29,095,104
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $29,095,104
- Net assets (BOY)
- $22,165,259
Income & contributions
- Employer contributions
- $1,360,124
- Participant contributions
- $2,712,663
- Total contributions
- $4,404,503
- Total income / additions
- $8,745,542
Expenses & distributions
- Benefits paid
- $1,768,001
- Administrative expenses
- $47,696
- Total expenses
- $1,815,697
- Net increase / (decrease)
- $6,929,845
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $47,696 | $0 | 2023 |
| Morningstar Investment Management L | INV ADV, PARTICIPANTS | $0 | $0 | 2023 |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Stearns Financial Services, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in MN
- 401(k) and benefit plan filings in St. Cloud, MN
- Principal Life Insurance Company — Schedule C compensation
- Morningstar Investment Management L — Schedule C compensation
- Wilshire Advisors LLC — Schedule C compensation