How big is Bank47's plan?

Bank47's plan reported $64K in assets and 17 participants for 2024.

Original filing (PDF)20250729063353NAL0001147539001

Bank47

Name: Bank47 — Lifesteps Bank 401(k) Plan, Form 5500 (2024)
Creator: Bank47
License: https://www.usa.gov/government-works

Form 5500-SF

FILING_RECEIVED

Lifesteps Bank 401(k) Plan

401(k) retirement plan · Bank47's Lifesteps Bank 401(k) Plan held $64K in plan assets for 17 participants in 2024.

Active participants

Accounts w/ balance

Plan assets (EOY)

$64K

Net assets (EOY)

$64K

People on this filing

Dana Potts signed Bank47's 2024 Form 5500 as plan administrator.

Dana Potts — Plan Administrator — Form 5500 signer

Get verified email & phone for these signers

Signer names are public record from the Form 5500 e-signature.

Plan identifiers

Bank47's EIN is 58-1893784.

EIN 58-1893784

Plan number 001

Plan year 2024

ACK ID 20250729063353NAL0001147539001

Official Form 5500 document

Download the official 2024 Form 5500 (PDF) for Bank47 from the U.S. Department of Labor's EFAST2 system.

Download the official 2024 Form 5500 (PDF)

Plan features

Bank47's plan includes profit-sharing, ERISA 404(c) participant direction, a 401(k) feature, a default investment (QDIA), automatic enrollment.

Decision-maker contacts

One unlock reveals every key decision-maker — plan signer, CFO, HR & Benefits — with verified email + LinkedIn for BANK47.

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Plan health score

Top-tier plan health

Directional indicator from public Form 5500 data — compliance & integrity, total plan cost, participant health and vendor stack, benchmarked against same-size peers. Not a fiduciary tool. Based on 70% of scoring inputs for this filing.

Compliance & integrity

100

Total plan cost

n/a

Plan health

Vendor & structure

100

Helping the score

Cost not scored — no comparable Schedule H expense data for this cohort.

Plan sponsor

Name

BANK47

EIN

all filings

Address

202 NORTH POWELL STREET · UNION SPRINGS, AL · 36089

Phone

(912) 690-5639

Industry

Commercial Banking· Finance & Insurance

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

001

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-07-29

Pension benefit codes

2E · Profit-sharing

2F · ERISA section 404(c)

2G · Total participant-directed accounts

2J · 401(k) feature

2K · 401(m) arrangement

2T · Default investment account (QDIA)

3D · Pre-approved plan (master / prototype / VS)

2S · Automatic enrollment

Service providers (Schedule C)

Small plans don't disclose service providers

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