Ambank Company, Inc. Employees' 401(K) Profit Sharing Plan — Form 5500 plan (Ambank Company, 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, Ambank Company, Inc. Employees' 401(K) Profit Sharing Plan is a benefit plan reported by Ambank Company, Inc. under EIN 42-0318300 and plan number 001. The latest loaded filing year is 2023. The filing reports 270 participants and $32,130,146 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Ambank Company, Inc.
EIN
42-0318300
Plan number
001
Plan type
2
Location
Sioux Center, IA
Latest filing year
2023
Participants
270
End-of-year plan assets
$32,130,146

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023270H, C20241014123201NAL0014924627001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$32,130,146
Total liabilities (EOY)
$0
Net assets (EOY)
$32,130,146
Net assets (BOY)
$25,881,259

Income & contributions

Employer contributions
$896,122
Participant contributions
$1,482,781
Total contributions
$2,582,170
Total income / additions
$7,602,949

Expenses & distributions

Benefits paid
$1,285,032
Administrative expenses
$54,527
Total expenses
$1,354,062
Net increase / (decrease)
$6,248,887

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Newport GroupRECORDKEEPER$53,477not reported in the loaded dataset2023

Related Form 5500 pages