United Bancorporation Of Alabama, Inc. 401(K) Employee Stock Ownership Plan — Form 5500 plan (United Bancorporation Of Alabama, 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, United Bancorporation Of Alabama, Inc. 401(K) Employee Stock Ownership Plan is a benefit plan reported by United Bancorporation Of Alabama, Inc. under EIN 63-0833573 and plan number 002. The latest loaded filing year is 2023. The filing reports 259 participants and $20,461,881 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
United Bancorporation Of Alabama, Inc.
EIN
63-0833573
Plan number
002
Plan type
2
Location
Atmore, AL
Latest filing year
2023
Participants
259
End-of-year plan assets
$20,461,881

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023259H, C20241015094915NAL0029175521001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$20,461,881
Total liabilities (EOY)
$1,330,480
Net assets (EOY)
$19,131,401
Net assets (BOY)
$16,635,363

Income & contributions

Employer contributions
$686,670
Participant contributions
$729,087
Total contributions
$1,463,624
Total income / additions
$4,197,885

Expenses & distributions

Benefits paid
$1,637,883
Administrative expenses
$22,501
Total expenses
$1,701,847
Net increase / (decrease)
$2,496,038

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
John Hancock UsaRECORDKEEPER$40,639$02023

Related Form 5500 pages