Bsc 401(K) Plan — Form 5500 plan (Banking Services Corporation)
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, Bsc 401(K) Plan is a benefit plan reported by Banking Services Corporation under EIN 52-1221931 and plan number 001. The latest loaded filing year is 2023. The filing reports 368 participants and $2,914,640 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Banking Services Corporation
- EIN
- 52-1221931
- Plan number
- 001
- Plan type
- 2
- Location
- Belcamp, MD
- Latest filing year
- 2023
- Participants
- 368
- End-of-year plan assets
- $2,914,640
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 368 | H, C | 20241015155358NAL0058557986001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $2,914,640
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $2,914,640
- Net assets (BOY)
- $2,627,133
Income & contributions
- Employer contributions
- $28,348
- Participant contributions
- $638,793
- Total contributions
- $672,191
- Total income / additions
- $1,018,950
Expenses & distributions
- Benefits paid
- $712,555
- Administrative expenses
- $18,888
- Total expenses
- $731,443
- Net increase / (decrease)
- $287,507
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $8,193 | $0 | 2023 |
| John Hancock | RETAINED BY EMPLOYER | $6,747 | $0 | 2023 |