2023 Form 5500 filing — First Federal Bank 401(K) Profit Sharing Plan
Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240822132621NAL0005154113001) for First Federal Bank 401(K) Profit Sharing Plan, reported by First Federal Bank under EIN 59-0969721 and plan number 001. It reports 772 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240822132621NAL0005154113001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- First Federal Bank
- EIN
- 59-0969721
- Plan number
- 001
- Location
- Lake City, FL
- Participants
- 772
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $84,816,200
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $84,816,200
- Employer contributions
- $3,351,228
- Participant contributions
- $3,922,856
- Total income / additions
- $22,067,719
- Benefits paid
- $9,814,755
- Administrative expenses
- $373,942
- Total expenses
- $10,199,713
- Net increase / (decrease)
- $11,868,006
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Raymond James | NONE | $281,413 | not reported in the loaded dataset |
| Capital Group Retirement Plan Servi | NONE | $47,462 | $0 |
| Pasi, LLC | NONE | $45,068 | not reported in the loaded dataset |