Traditional Bank, Inc. 401(K) Profit Sharing Plan — Form 5500 plan (Traditional Bank, Inc.)
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, Traditional Bank, Inc. 401(K) Profit Sharing Plan is a benefit plan reported by Traditional Bank, Inc. under EIN 61-0284535 and plan number 003. The latest loaded filing year is 2023. The filing reports 308 participants and $34,563,188 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Traditional Bank, Inc.
- EIN
- 61-0284535
- Plan number
- 003
- Plan type
- 2
- Location
- Mt. Sterling, KY
- Latest filing year
- 2023
- Participants
- 308
- End-of-year plan assets
- $34,563,188
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 308 | H, C | 20240722101124NAL0016077648001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $34,563,188
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $34,563,188
- Net assets (BOY)
- $28,176,117
Income & contributions
- Employer contributions
- $1,446,323
- Participant contributions
- $1,077,172
- Total contributions
- $2,801,682
- Total income / additions
- $7,376,698
Expenses & distributions
- Benefits paid
- $1,051,750
- Administrative expenses
- -$62,123
- Total expenses
- $989,627
- Net increase / (decrease)
- $6,387,071
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Keystone Financial Group LLC | INVESTMENT ADVISORY-PLAN | $38,829 | not reported in the loaded dataset | 2023 |
| Faulkner King Wenz Psc | AUDIT | $9,100 | not reported in the loaded dataset | 2023 |
| Transamerica Life Insurance Co | RECORDKEEPER | $7,449 | $0 | 2023 |
| Mesirow Financial, Inc | INVESTMENT ADVISORY-PLAN | $5,344 | not reported in the loaded dataset | 2023 |
| Benefits Administrators, LLC | RECORDKEEPER | $1,100 | $875 | 2023 |
| Charles Schwab & Co, Inc. | SECURITIES BROKERAGE | $40 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Traditional Bank, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in KY
- 401(k) and benefit plan filings in Mt. Sterling, KY
- Keystone Financial Group LLC — Schedule C compensation
- Faulkner King Wenz Psc — Schedule C compensation
- Transamerica Life Insurance Co — Schedule C compensation
- Mesirow Financial, Inc — Schedule C compensation
- Benefits Administrators, LLC — Schedule C compensation
- Charles Schwab & Co, Inc. — Schedule C compensation