Seattle Bank Profit Sharing & Salary Deferral Plan — Form 5500 plan (Seattle 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, Seattle Bank Profit Sharing & Salary Deferral Plan is a benefit plan reported by Seattle Bank under EIN 91-1984151 and plan number 001. The latest loaded filing year is 2023. The filing reports 137 participants and $16,376,433 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Seattle Bank
- EIN
- 91-1984151
- Plan number
- 001
- Plan type
- 2
- Location
- Seattle, WA
- Latest filing year
- 2023
- Participants
- 137
- End-of-year plan assets
- $16,376,433
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 137 | H, C | 20240925171658NAL0014722545001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $16,376,433
- Total liabilities (EOY)
- $5,000
- Net assets (EOY)
- $16,371,433
- Net assets (BOY)
- $13,266,403
Income & contributions
- Employer contributions
- $344,494
- Participant contributions
- $737,671
- Total contributions
- $1,705,394
- Total income / additions
- $3,614,545
Expenses & distributions
- Benefits paid
- $439,592
- Administrative expenses
- $56,464
- Total expenses
- $509,515
- Net increase / (decrease)
- $3,105,030
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Rbc Retirement Plan Advisors | NONE | $28,639 | not reported in the loaded dataset | 2023 |
| Northwest Plan Services | NONE | $22,979 | not reported in the loaded dataset | 2023 |
| Schwab Bank | NONE | $4,846 | $0 | 2023 |