Vba Defined Contribution Plan For Touchstone Bank — Form 5500 plan (Touchstone 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, Vba Defined Contribution Plan For Touchstone Bank is a benefit plan reported by Touchstone Bank under EIN 54-0132540 and plan number 001. The latest loaded filing year is 2023. The filing reports 190 participants and $10,498,085 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Touchstone Bank
- EIN
- 54-0132540
- Plan number
- 001
- Plan type
- 2
- Location
- Prince George, VA
- Latest filing year
- 2023
- Participants
- 190
- End-of-year plan assets
- $10,498,085
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 190 | H, C | 20241015175242NAL0016995699001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $10,498,085
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $10,498,085
- Net assets (BOY)
- $10,031,212
Income & contributions
- Employer contributions
- $320,980
- Participant contributions
- $583,751
- Total contributions
- $932,301
- Total income / additions
- $2,393,144
Expenses & distributions
- Benefits paid
- $1,855,418
- Administrative expenses
- $70,853
- Total expenses
- $1,926,271
- Net increase / (decrease)
- $466,873
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Voya Retirement Insurance & Annuity | SERVICE PROVIDER | $47,609 | $0 | 2023 |
| Vba Benefits Corporation | SERVICE PROVIDER | $23,221 | not reported in the loaded dataset | 2023 |