Plan5500

Black Mountain Savings Bank, Ssb 401(K) Plan — Form 5500 plan (Black Mountain Savings Bank, Ssb)

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, Black Mountain Savings Bank, Ssb 401(K) Plan is a benefit plan reported by Black Mountain Savings Bank, Ssb under EIN 56-0142695 and plan number 001. The latest loaded filing year is 2023. The filing reports 6 participants and $2,370,175 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$2.4MPlan net assets, end of year$2,370,175
Participants6Covered participants reported
Assets / participant$395KComputed: assets ÷ participants$395,029 (computed)
Provider compensationNone reported
Plan sponsor
Black Mountain Savings Bank, Ssb
EIN
56-0142695
Plan number
001
Plan type
2
Location
Black Mountain, NC
Latest filing year
2023
EFAST2 filings

Form 5500 filing history

Each loaded annual filing for this plan. Open one for its full reported snapshot.

  1. 2023
    6 participants · 2Sch I
    View filing →
Schedule I · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$2.4M total assets
Net assets$2.4MLiabilities—
Money in vs. money out
Total income / additions$183.9K
Total expenses$94.9K
Benefits paid / distributions$92.6K
Contributions
Employer$49.6K
Participant$24.2K
Full reported line items

Net assets

Total assets (EOY)
$2,370,175
Net assets (EOY)
$2,370,175
Net assets (BOY)
$2,281,203

Income & contributions

Employer contributions
$49,586
Participant contributions
$24,243
Total income / additions
$183,885

Expenses & distributions

Benefits paid
$92,585
Administrative expenses
$1,255
Total expenses
$94,913
Net increase / (decrease)
$88,972
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 67%Participant 33%
Total expenses ÷ net assets4%Computed ratio
Benefits paid ÷ total income50%Computed ratio
Schedule C

Service provider compensation

Reported direct + indirect compensation per provider, ranked. Bars show relative scale.

No Schedule C service provider compensation is loaded for this plan yet.

Related Form 5500 pages