Weststar Bank 401(K) Plan — Form 5500 plan (Weststar 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, Weststar Bank 401(K) Plan is a benefit plan reported by Weststar Bank under EIN 74-2559241 and plan number 001. The latest loaded filing year is 2023. The filing reports 402 participants and $24,085,057 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Weststar Bank
- EIN
- 74-2559241
- Plan number
- 001
- Plan type
- 2
- Location
- El Paso, TX
- Latest filing year
- 2023
- Participants
- 402
- End-of-year plan assets
- $24,085,057
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 402 | H, C | 20241015101750NAL0014387155001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $24,085,057
- Total liabilities (EOY)
- $5,223
- Net assets (EOY)
- $24,079,834
- Net assets (BOY)
- $21,277,126
Income & contributions
- Employer contributions
- $538,177
- Participant contributions
- $1,278,721
- Total contributions
- $1,843,559
- Total income / additions
- $4,893,418
Expenses & distributions
- Benefits paid
- $1,974,171
- Administrative expenses
- $106,658
- Total expenses
- $2,090,710
- Net increase / (decrease)
- $2,802,708
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Nationwide | PLAN CUSTODIAN | $94,154 | $3,154 | 2023 |
| M Holdings Securities, Inc. | INVESTMENT ADVISOR | $0 | $73,958 | 2023 |
| Alliance Benefit Group | PLAN RECORDKEEPER | $12,504 | not reported in the loaded dataset | 2023 |