Lincoln Bancorp Employees 401(K) Profit Sharing Plan And Trust — Form 5500 plan (Lincoln Bancorp)
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, Lincoln Bancorp Employees 401(K) Profit Sharing Plan And Trust is a benefit plan reported by Lincoln Bancorp under EIN 42-1224950 and plan number 003. The latest loaded filing year is 2023. The filing reports 493 participants and $18,774,665 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Lincoln Bancorp
- EIN
- 42-1224950
- Plan number
- 003
- Plan type
- 2
- Location
- Waterloo, IA
- Latest filing year
- 2023
- Participants
- 493
- End-of-year plan assets
- $18,774,665
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 493 | H, C | 20241015161947NAL0029083729001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $18,774,665
- Total liabilities (EOY)
- $6,684
- Net assets (EOY)
- $18,767,981
- Net assets (BOY)
- $15,349,469
Income & contributions
- Employer contributions
- $560,477
- Participant contributions
- $2,086,019
- Total contributions
- $3,198,186
- Total income / additions
- $5,805,607
Expenses & distributions
- Benefits paid
- $2,325,684
- Administrative expenses
- $61,411
- Total expenses
- $2,387,095
- Net increase / (decrease)
- $3,418,512
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Transition Finance Strategies | CONTRACT ADMIN | $0 | $15,653 | 2023 |
| Wilshire Associates, Inc. (Usa) | RIA | $0 | $3,436 | 2023 |
| John Hancock U.S.A. | RECORDKEEPER | $320 | $0 | 2023 |