Ifb 401(K) Plan — Form 5500 plan (International Finance 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, Ifb 401(K) Plan is a benefit plan reported by International Finance Bank under EIN 85-3345810 and plan number 001. The latest loaded filing year is 2023. The filing reports 136 participants and $4,577,513 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- International Finance Bank
- EIN
- 85-3345810
- Plan number
- 001
- Plan type
- 2
- Location
- Miami, FL
- Latest filing year
- 2023
- Participants
- 136
- End-of-year plan assets
- $4,577,513
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 136 | H, C | 20240913091122NAL0011388353001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $4,577,513
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $4,577,513
- Net assets (BOY)
- $4,228,738
Income & contributions
- Employer contributions
- $308,552
- Participant contributions
- $527,179
- Total contributions
- $900,963
- Total income / additions
- $1,662,049
Expenses & distributions
- Benefits paid
- $1,301,816
- Administrative expenses
- $11,458
- Total expenses
- $1,313,274
- Net increase / (decrease)
- $348,775
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Stadion Money Management LLC- | MANAGED ACCOUNT PROVIDER | $8,414 | not reported in the loaded dataset | 2023 |
| Ameritas Life Insurance Corp | BUNDLED RECORDKEEPER | $3,044 | $0 | 2023 |