The Taylor Bank 401(K) Plan — Form 5500 plan (Calvin B. Taylor Banking Company)
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, The Taylor Bank 401(K) Plan is a benefit plan reported by Calvin B. Taylor Banking Company under EIN 52-0505410 and plan number 002. The latest loaded filing year is 2023. The filing reports 133 participants and $11,577,502 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Calvin B. Taylor Banking Company
- EIN
- 52-0505410
- Plan number
- 002
- Plan type
- 2
- Location
- Berlin, MD
- Latest filing year
- 2023
- Participants
- 133
- End-of-year plan assets
- $11,577,502
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 133 | H, C | 20240923050953NAL0015077984001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $11,577,502
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $11,577,502
- Net assets (BOY)
- $10,101,717
Income & contributions
- Employer contributions
- $369,025
- Participant contributions
- $490,319
- Total contributions
- $877,494
- Total income / additions
- $2,447,804
Expenses & distributions
- Benefits paid
- $942,691
- Administrative expenses
- $29,328
- Total expenses
- $972,019
- Net increase / (decrease)
- $1,475,785
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| James A. Reichert | INVESTMENT/FINANCIAL ADVI | $16,000 | $0 | 2023 |
| Adp, Inc. | RECORD KEEPER | $13,327 | $0 | 2023 |
| Adp Broker-Dealer | RECORD KEEPER | $0 | $0 | 2023 |