Sba Defined Contribution Plan For Trupoint Bank — Form 5500 plan (Trupoint 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 Trupoint Bank is a benefit plan reported by Trupoint Bank under EIN 54-0924883 and plan number 002. The latest loaded filing year is 2023. The filing reports 172 participants and $11,318,614 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Trupoint Bank
- EIN
- 54-0924883
- Plan number
- 002
- Plan type
- 2
- Location
- Grundy, VA
- Latest filing year
- 2023
- Participants
- 172
- End-of-year plan assets
- $11,318,614
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 172 | H, C | 20240918114905NAL0004283937001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $11,318,614
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $11,318,614
- Net assets (BOY)
- $10,352,761
Income & contributions
- Employer contributions
- $263,834
- Participant contributions
- $459,527
- Total contributions
- $723,361
- Total income / additions
- $2,286,853
Expenses & distributions
- Benefits paid
- $1,247,324
- Administrative expenses
- $73,676
- Total expenses
- $1,321,000
- Net increase / (decrease)
- $965,853
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Voya Retirement Insurance & Annuity | RECORDLKEEPER | $47,711 | $0 | 2023 |
| Vba Benefits Corporation | SERVICE PROVIDER | $25,965 | not reported in the loaded dataset | 2023 |