Kitsap Bank 401(K) Profit Sharing Plan — Form 5500 plan (Kitsap 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, Kitsap Bank 401(K) Profit Sharing Plan is a benefit plan reported by Kitsap Bank under EIN 91-0283150 and plan number 001. The latest loaded filing year is 2023. The filing reports 397 participants and $53,195,075 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Kitsap Bank
- EIN
- 91-0283150
- Plan number
- 001
- Plan type
- 2
- Location
- Port Orchard, WA
- Latest filing year
- 2023
- Participants
- 397
- End-of-year plan assets
- $53,195,075
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 397 | H, C | 20240806174521NAL0002580305001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $53,195,075
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $53,195,075
- Net assets (BOY)
- $45,528,901
Income & contributions
- Employer contributions
- $1,722,062
- Participant contributions
- $1,866,740
- Total contributions
- $3,608,350
- Total income / additions
- $10,688,534
Expenses & distributions
- Benefits paid
- $2,976,984
- Administrative expenses
- $45,376
- Total expenses
- $3,022,360
- Net increase / (decrease)
- $7,666,174
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Clark Nuber Ps | AUDITOR | $24,600 | not reported in the loaded dataset | 2023 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $17,834 | not reported in the loaded dataset | 2023 |
| Empower Annuity Insurance Company O | RECORDKEEPER | $2,943 | $0 | 2023 |