Sba Defined Contribution Plan For Bank Of Clarke — Form 5500 plan (Bank Of Clarke)
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, Sba Defined Contribution Plan For Bank Of Clarke is a benefit plan reported by Bank Of Clarke under EIN 54-0132450 and plan number 002. The latest loaded filing year is 2023. The filing reports 381 participants and $30,179,083 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Bank Of Clarke
- EIN
- 54-0132450
- Plan number
- 002
- Plan type
- 2
- Location
- Berryville, VA
- Latest filing year
- 2023
- Participants
- 381
- End-of-year plan assets
- $30,179,083
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 381 | H, C | 20241015090401NAL0027896209001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $30,179,083
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $30,179,083
- Net assets (BOY)
- $27,259,529
Income & contributions
- Employer contributions
- $2,675,967
- Participant contributions
- $1,563,565
- Total contributions
- $4,432,838
- Total income / additions
- $8,866,152
Expenses & distributions
- Benefits paid
- $2,677,489
- Administrative expenses
- $131,600
- Total expenses
- $2,809,089
- Net increase / (decrease)
- $6,057,063
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Vba Benefits Corporation | OTHER FEES | $48,892 | $0 | 2023 |
| Voya Retirement Insurance & Annuity | SERVICE PROVIDER | $16,675 | $0 | 2023 |