Charter West Bank Employees 401(K) Profit Sharing Plan And Trust — Form 5500 plan (Charter West 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, Charter West Bank Employees 401(K) Profit Sharing Plan And Trust is a benefit plan reported by Charter West Bank under EIN 47-0679592 and plan number 001. The latest loaded filing year is 2023. The filing reports 157 participants and $13,797,937 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Charter West Bank
- EIN
- 47-0679592
- Plan number
- 001
- Plan type
- 2
- Location
- West Point, NE
- Latest filing year
- 2023
- Participants
- 157
- End-of-year plan assets
- $13,797,937
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 157 | H, C | 20240909160010NAL0008027296001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $13,797,937
- Net assets (EOY)
- $13,797,937
- Net assets (BOY)
- $11,448,183
Income & contributions
- Employer contributions
- $217,726
- Participant contributions
- $817,002
- Total contributions
- $1,144,041
- Total income / additions
- $2,984,038
Expenses & distributions
- Benefits paid
- $629,981
- Administrative expenses
- $4,303
- Total expenses
- $634,284
- Net increase / (decrease)
- $2,349,754
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Security National Bank | TRUSTEE | $3,868 | not reported in the loaded dataset | 2023 |
| Charles Schwab Trust Bank | CUSTODIAN | $435 | not reported in the loaded dataset | 2023 |
| Charles Schwab & Co., Inc. | CUSTODIAN | $0 | $0 | 2023 |