Plan Ledger DOL Form 5500 · updated monthly

Severn Savings Bank, FsbESOP

SEVERN SAVINGS BANK, FSB EMPLOYEE STOCK OWNERSHIP PLAN · EASTON, MD · plan year 2022

Plan assets · 2022
$154K

Severn Savings Bank, Fsb's 2022 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $154,385 across 23 participant accounts. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Maryland (1,655th of 1,671), and 4,775th of 4,798 in finance & insurance.

Plan summary
Net assets, end of year$154,385
Participants with balances23
Active participants124
Employer contributions—
Employee contributions—
Employer contribution per active participant—
Average account balance$6,712
Benefits paid to participants$7,172,949
Plan auditUnmodified (clean) audit opinion
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Source: U.S. Department of Labor, Form 5500 series, EIN 520792362 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.