West Bancorporation, Inc. Employee Savings And Stock Ownership Plan — Form 5500 plan (West Bancorporation, 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, West Bancorporation, Inc. Employee Savings And Stock Ownership Plan is a benefit plan reported by West Bancorporation, Inc. under EIN 42-1230603 and plan number 001. The latest loaded filing year is 2023. The filing reports 217 participants and $45,714,708 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- West Bancorporation, Inc.
- EIN
- 42-1230603
- Plan number
- 001
- Plan type
- 2
- Location
- West Des Moines, IA
- Latest filing year
- 2023
- Participants
- 217
- End-of-year plan assets
- $45,714,708
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 217 | H, C | 20240729133803NAL0019385441001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $45,714,708
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $45,714,708
- Net assets (BOY)
- $43,153,886
Income & contributions
- Employer contributions
- $1,216,012
- Participant contributions
- $1,451,306
- Total contributions
- $2,959,464
- Total income / additions
- $7,629,533
Expenses & distributions
- Benefits paid
- $5,064,256
- Administrative expenses
- $4,455
- Total expenses
- $5,068,711
- Net increase / (decrease)
- $2,560,822
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Global Retirement Partners LLC | INVESTMENT ADVISORY | $0 | $52,734 | 2023 |
| Qualified Plan Consultants | OTHER SERVICES | $0 | $10,554 | 2023 |
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $4,522 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for West Bancorporation, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in IA
- 401(k) and benefit plan filings in West Des Moines, IA
- Global Retirement Partners LLC — Schedule C compensation
- Qualified Plan Consultants — Schedule C compensation
- Principal Life Insurance Company — Schedule C compensation