Chambers Bancshares, Inc. Employee Benefit Plan — Form 5500 plan (Chambers Bancshares, 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, Chambers Bancshares, Inc. Employee Benefit Plan is a benefit plan reported by Chambers Bancshares, Inc. under EIN 71-0644790 and plan number 502. The latest loaded filing year is 2023. The filing reports 205 participants and $0 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)-$60.8KPlan net assets, end of year-$60,822
Participants205Covered participants reported
Assets / participant$0Computed: assets ÷ participants$0 (computed)
Provider compensation$73K1 Schedule C provider row(s)$73,022
Plan sponsor
Chambers Bancshares, Inc.
EIN
71-0644790
Plan number
502
Plan type
2
Location
Danville, AR
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023205H, C20241217141404NAL0002170385001
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Money in vs. money out
Total income / additions$565.8K
Total expenses$1.8M
Benefits paid / distributions$1.7M
Contributions
Employer$170.3K
Participant$395.5K
Full reported line items

Net assets

Total assets (EOY)
$0
Total liabilities (EOY)
$60,822
Net assets (EOY)
-$60,822
Net assets (BOY)
$1,138,352

Income & contributions

Employer contributions
$170,301
Participant contributions
$395,548
Total contributions
$565,849
Total income / additions
$565,849

Expenses & distributions

Benefits paid
$1,687,375
Administrative expenses
$77,648
Total expenses
$1,765,023
Net increase / (decrease)
-$1,199,174
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 30%Participant 70%
Benefits paid ÷ total income298%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Usable Mutual Insurance Dba Blueadvnot reported in the loaded dataset$73,022not reported in the loaded dataset2023

Related Form 5500 pages