Banctenn Corp. Employee Stock Ownership Plan — Form 5500 plan (Banctenn Corp.)
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, Banctenn Corp. Employee Stock Ownership Plan is a benefit plan reported by Banctenn Corp. under EIN 62-1225291 and plan number 002. The latest loaded filing year is 2023. The filing reports 326 participants and $6,893,476 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Banctenn Corp.
- EIN
- 62-1225291
- Plan number
- 002
- Plan type
- 2
- Location
- Johnson City, TN
- Latest filing year
- 2023
- Participants
- 326
- End-of-year plan assets
- $6,893,476
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 326 | H, C | 20241003134125NAL0010623569001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $6,893,476
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $6,893,476
- Net assets (BOY)
- $7,552,597
Income & contributions
- Employer contributions
- $300,000
- Total contributions
- $300,000
- Total income / additions
- $84,040
Expenses & distributions
- Benefits paid
- $706,129
- Administrative expenses
- $37,032
- Total expenses
- $743,161
- Net increase / (decrease)
- -$659,121
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Menke & Associates, Inc. | NONE | $23,832 | not reported in the loaded dataset | 2023 |
| Mercer Capital | NONE | $13,200 | not reported in the loaded dataset | 2023 |