American Bank Employee Savings Plan — Form 5500 plan (American 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, American Bank Employee Savings Plan is a benefit plan reported by American Bank under EIN 74-1650800 and plan number 001. The latest loaded filing year is 2023. The filing reports 418 participants and $54,609,919 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- American Bank
- EIN
- 74-1650800
- Plan number
- 001
- Plan type
- 2
- Location
- Austin, TX
- Latest filing year
- 2023
- Participants
- 418
- End-of-year plan assets
- $54,609,919
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 418 | H, C | 20241015153517NAL0014979571001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $54,609,919
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $54,609,919
- Net assets (BOY)
- $45,064,515
Income & contributions
- Employer contributions
- $1,129,228
- Participant contributions
- $2,674,639
- Total contributions
- $5,584,393
- Total income / additions
- $14,516,681
Expenses & distributions
- Benefits paid
- $4,858,234
- Administrative expenses
- $113,043
- Total expenses
- $4,971,277
- Net increase / (decrease)
- $9,545,404
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Newport Group, Inc. | RECORDKEEPER | $62,531 | $0 | 2023 |
| Marcado Asset Management LLC | ADVISOR | $26,000 | not reported in the loaded dataset | 2023 |
| Newport Trust Company | TRUSTEE | $24,728 | $0 | 2023 |