North State Bank 401k Plan And Esop — Form 5500 plan (North State 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, North State Bank 401k Plan And Esop is a benefit plan reported by North State Bank under EIN 56-2183599 and plan number 001. The latest loaded filing year is 2023. The filing reports 345 participants and $29,089,528 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- North State Bank
- EIN
- 56-2183599
- Plan number
- 001
- Plan type
- 2
- Location
- Raleigh, NC
- Latest filing year
- 2023
- Participants
- 345
- End-of-year plan assets
- $29,089,528
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 345 | H, C | 20240726143957NAL0010316179001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $29,089,528
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $29,089,528
- Net assets (BOY)
- $26,896,558
Income & contributions
- Employer contributions
- $1,460,248
- Participant contributions
- $1,009,867
- Total contributions
- $2,548,233
- Total income / additions
- $5,278,033
Expenses & distributions
- Benefits paid
- $2,992,314
- Administrative expenses
- $92,749
- Total expenses
- $3,085,063
- Net increase / (decrease)
- $2,192,970
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| At Retirement Services, LLC | NONE | $34,447 | $0 | 2023 |
| Guardian Wealth Partners | NONE | $32,015 | not reported in the loaded dataset | 2023 |