Freedombank Shares, Inc. Employee Stock Ownership Plan With 401(K) Provisions — Form 5500 plan (Freedombank Shares, 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, Freedombank Shares, Inc. Employee Stock Ownership Plan With 401(K) Provisions is a benefit plan reported by Freedombank Shares, Inc. under EIN 42-0945676 and plan number 002. The latest loaded filing year is 2023. The filing reports 99 participants and $57,956,192 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Freedombank Shares, Inc.
- EIN
- 42-0945676
- Plan number
- 002
- Plan type
- 2
- Location
- Elkader, IA
- Latest filing year
- 2023
- Participants
- 99
- End-of-year plan assets
- $57,956,192
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 99 | I | 20240604163031NAL0019821121001 |
Reported financial statement (2023 · Schedule I)
Net assets
- Total assets (EOY)
- $57,956,192
- Total liabilities (EOY)
- $4,503,946
- Net assets (EOY)
- $53,452,246
- Net assets (BOY)
- $58,022,029
Income & contributions
- Employer contributions
- $933,625
- Participant contributions
- $371,038
- Total income / additions
- -$2,304,178
Expenses & distributions
- Benefits paid
- $2,022,272
- Total expenses
- $2,265,605
- Net increase / (decrease)
- -$4,569,783
Service provider compensation (Schedule C)
No Schedule C service provider compensation is loaded for this plan yet.