The Bank Of Glen Burnie 401(K) Profit Sharing Plan — Form 5500 plan (The Bank Of Glen Burnie)
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 Bank Of Glen Burnie 401(K) Profit Sharing Plan is a benefit plan reported by The Bank Of Glen Burnie under EIN 52-0575023 and plan number 002. The latest loaded filing year is 2023. The filing reports 134 participants and $17,903,575 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- The Bank Of Glen Burnie
- EIN
- 52-0575023
- Plan number
- 002
- Plan type
- 2
- Location
- Glen Burnie, MD
- Latest filing year
- 2023
- Participants
- 134
- End-of-year plan assets
- $17,903,575
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 134 | H, C | 20240718083605NAL0003029923001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $17,903,575
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $17,903,575
- Net assets (BOY)
- $14,952,942
Income & contributions
- Employer contributions
- $299,435
- Participant contributions
- $418,845
- Total contributions
- $778,988
- Total income / additions
- $3,621,857
Expenses & distributions
- Benefits paid
- $609,531
- Administrative expenses
- $61,693
- Total expenses
- $671,224
- Net increase / (decrease)
- $2,950,633
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| John Hancock Life Insurance Co Usa | RECORDKEEPER | $29,726 | $0 | 2023 |
| Merrill Lynch | RIA | $29,667 | not reported in the loaded dataset | 2023 |