Sbera 401(K) Plan As Adopted By The Lowell Five Cent Savings Bank — Form 5500 plan (The Lowell Five Cent Savings Bank)
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, Sbera 401(K) Plan As Adopted By The Lowell Five Cent Savings Bank is a benefit plan reported by The Lowell Five Cent Savings Bank under EIN 45-3131005 and plan number 002. The latest loaded filing year is 2023. The filing reports 285 participants and $29,771,094 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- The Lowell Five Cent Savings Bank
- EIN
- 45-3131005
- Plan number
- 002
- Plan type
- 2
- Location
- Tewksbury, MA
- Latest filing year
- 2023
- Participants
- 285
- End-of-year plan assets
- $29,771,094
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 285 | H | 20240730071733NAL0011615587001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $29,771,094
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $29,771,094
- Net assets (BOY)
- $24,401,657
Income & contributions
- Employer contributions
- $554,808
- Participant contributions
- $1,119,973
- Total contributions
- $1,925,580
- Total income / additions
- $5,957,299
Expenses & distributions
- Benefits paid
- $586,842
- Administrative expenses
- $1,020
- Total expenses
- $587,862
- Net increase / (decrease)
- $5,369,437
Service provider compensation (Schedule C)
No Schedule C service provider compensation is loaded for this plan yet.