Ts Banking GroupProfit-sharing plan
TS BANKING GROUP SAVINGS PLAN · TREYNOR, IA · plan year 2023
Ts Banking Group's 2023 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 $17,363,911 across 288 participant accounts, with employer contributions averaging $4,104 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other finance & insurance employers. By assets it is the 439th-largest of 878 plans among Iowa employers on file, and 3,273rd of 4,798 in finance & insurance. In 2023, employees put in $1.43 for every $1.00 the employer contributed; active participation has shrunk from 247 to 209 since 2022.
Ts Banking Group's 2023 employer contribution ran above the $2,440 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 930828908 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.