Lumbee Guaranty Bank Employees' Pension Plan — Form 5500 plan (Lumbee Guaranty 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, Lumbee Guaranty Bank Employees' Pension Plan is a benefit plan reported by Lumbee Guaranty Bank under EIN 56-0990387 and plan number 001. The latest loaded filing year is 2023. The filing reports 148 participants and $6,706,278 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Lumbee Guaranty Bank
- EIN
- 56-0990387
- Plan number
- 001
- Plan type
- 2
- Location
- Pembroke, NC
- Latest filing year
- 2023
- Participants
- 148
- End-of-year plan assets
- $6,706,278
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 148 | H, C | 20241014104023NAL0027053057001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $6,706,278
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $6,706,278
- Net assets (BOY)
- $6,089,301
Income & contributions
- Employer contributions
- $220,000
- Total contributions
- $220,000
- Total income / additions
- $1,032,465
Expenses & distributions
- Benefits paid
- $368,266
- Administrative expenses
- $47,222
- Total expenses
- $415,488
- Net increase / (decrease)
- $616,977
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| American Trust | NONE | $24,485 | not reported in the loaded dataset | 2023 |
| Fund Direct Advisor'S, Inc. | NONE | $14,560 | not reported in the loaded dataset | 2023 |
| Mid-Atlantic Trust Company | NONE | $5,625 | not reported in the loaded dataset | 2023 |