Cortrust Bank Employee Stock Ownership Plan And Trust — Form 5500 plan (Cortrust Bank Na)
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, Cortrust Bank Employee Stock Ownership Plan And Trust is a benefit plan reported by Cortrust Bank Na under EIN 46-0159100 and plan number 002. The latest loaded filing year is 2023. The filing reports 374 participants and $22,150,896 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Cortrust Bank Na
- EIN
- 46-0159100
- Plan number
- 002
- Plan type
- 3
- Location
- Mitchell, SD
- Latest filing year
- 2023
- Participants
- 374
- End-of-year plan assets
- $22,150,896
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 374 | H, C | 20240916155553NAL0003196128001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $22,150,896
- Total liabilities (EOY)
- $4,116
- Net assets (EOY)
- $22,146,780
- Net assets (BOY)
- $23,559,288
Income & contributions
- Employer contributions
- $1,032,444
- Total contributions
- $1,032,444
- Total income / additions
- $382,656
Expenses & distributions
- Benefits paid
- $1,784,031
- Administrative expenses
- $11,133
- Total expenses
- $1,795,164
- Net increase / (decrease)
- -$1,412,508
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| First National Bank In Sioux Falls | NONE | $10,058 | $0 | 2023 |