Sba Defined Contribution Plan For Skyline National Bank — Form 5500 plan (Skyline National 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, Sba Defined Contribution Plan For Skyline National Bank is a benefit plan reported by Skyline National Bank under EIN 54-0228860 and plan number 002. The latest loaded filing year is 2023. The filing reports 251 participants and $9,267,413 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Skyline National Bank
- EIN
- 54-0228860
- Plan number
- 002
- Plan type
- 2
- Location
- Independence, VA
- Latest filing year
- 2023
- Participants
- 251
- End-of-year plan assets
- $9,267,413
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 251 | H, C | 20241009164237NAL0010850467001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $9,267,413
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $9,267,413
- Net assets (BOY)
- $7,523,139
Income & contributions
- Employer contributions
- $395,884
- Participant contributions
- $616,331
- Total contributions
- $1,012,215
- Total income / additions
- $2,270,819
Expenses & distributions
- Benefits paid
- $457,373
- Administrative expenses
- $69,172
- Total expenses
- $526,545
- Net increase / (decrease)
- $1,744,274
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Voya Retirement Insurance & Annuity | SERVICE PROVIDER | $49,219 | $0 | 2023 |
| Vba Benefits Corporation | SERVICE PROVIDER | $19,864 | not reported in the loaded dataset | 2023 |