Herring Bank 401(K) Profit Sharing Plan — Form 5500 plan (Herring 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, Herring Bank 401(K) Profit Sharing Plan is a benefit plan reported by Herring Bank under EIN 75-0330569 and plan number 002. The latest loaded filing year is 2023. The filing reports 181 participants and $6,510,990 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Herring Bank
- EIN
- 75-0330569
- Plan number
- 002
- Plan type
- 2
- Location
- Amarillo, TX
- Latest filing year
- 2023
- Participants
- 181
- End-of-year plan assets
- $6,510,990
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 181 | H, C | 20241204132111NAL0008067858001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $6,510,990
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $6,510,990
- Net assets (BOY)
- $6,354,086
Income & contributions
- Employer contributions
- $184,447
- Participant contributions
- $435,421
- Total contributions
- $779,120
- Total income / additions
- $1,612,445
Expenses & distributions
- Benefits paid
- $1,378,142
- Administrative expenses
- $74,398
- Total expenses
- $1,455,541
- Net increase / (decrease)
- $156,904
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Nationwide | INVESTMENT ADVISORY | $48,386 | $6,734 | 2023 |
| Mml Insurance Agency, LLC | INVESTMENT ADVISORY | $0 | $31,186 | 2023 |
| Inwest Retirement Solutions | TPA | $13,061 | $2,285 | 2023 |
| Meeder | INV MANAGER | $12,950 | not reported in the loaded dataset | 2023 |