American Business Bank 401(K) Plan — Form 5500 plan (American Business 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 Business Bank 401(K) Plan is a benefit plan reported by American Business Bank under EIN 91-1907220 and plan number 001. The latest loaded filing year is 2023. The filing reports 260 participants and $37,478,562 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- American Business Bank
- EIN
- 91-1907220
- Plan number
- 001
- Plan type
- 2
- Location
- Los Angeles, CA
- Latest filing year
- 2023
- Participants
- 260
- End-of-year plan assets
- $37,478,562
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 260 | H, C | 20241015150258NAL0048543936001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $37,478,562
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $37,478,562
- Net assets (BOY)
- $30,834,383
Income & contributions
- Employer contributions
- $864,139
- Participant contributions
- $2,276,532
- Total contributions
- $3,907,496
- Total income / additions
- $9,064,228
Expenses & distributions
- Benefits paid
- $2,408,816
- Administrative expenses
- $11,233
- Total expenses
- $2,420,049
- Net increase / (decrease)
- $6,644,179
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Actuarial Benefits Corporation | OTHER SERVICES | $0 | $15,393 | 2023 |
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $11,219 | $0 | 2023 |