Resource Bank Retirement Plan — Form 5500 plan (Resource 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, Resource Bank Retirement Plan is a benefit plan reported by Resource Bank under EIN 72-1410047 and plan number 001. The latest loaded filing year is 2023. The filing reports 195 participants and $10,852,139 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Resource Bank
- EIN
- 72-1410047
- Plan number
- 001
- Plan type
- 2
- Location
- Covington, LA
- Latest filing year
- 2023
- Participants
- 195
- End-of-year plan assets
- $10,852,139
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 195 | H, C | 20240924154322NAL0023290496001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $10,852,139
- Total liabilities (EOY)
- $24,974
- Net assets (EOY)
- $10,827,165
- Net assets (BOY)
- $9,661,210
Income & contributions
- Employer contributions
- $296,403
- Participant contributions
- $594,596
- Total contributions
- $965,827
- Total income / additions
- $2,336,402
Expenses & distributions
- Benefits paid
- $1,153,698
- Administrative expenses
- $4,570
- Total expenses
- $1,170,447
- Net increase / (decrease)
- $1,165,955
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| The Haslauer Group Inc | TPA | $9,103 | $4,739 | 2023 |
| Empower Annuity Insurance Company | RECORDKEEPER | $2,170 | $0 | 2023 |