2023 Form 5500 filing — Firstbanc Of Alabama Incorporated 401(K) 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 20240826150322NAL0009632225001) for Firstbanc Of Alabama Incorporated 401(K) Plan, reported by Firstbanc Of Alabama, Incorporated under EIN 63-0907209 and plan number 002. It reports 147 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240826150322NAL0009632225001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Firstbanc Of Alabama, Incorporated
- EIN
- 63-0907209
- Plan number
- 002
- Location
- Talladega, AL
- Participants
- 147
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $9,751,921
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $9,751,921
- Employer contributions
- $280,016
- Participant contributions
- $451,220
- Total income / additions
- $1,682,148
- Benefits paid
- $550,829
- Administrative expenses
- $47,335
- Total expenses
- $598,164
- Net increase / (decrease)
- $1,083,984
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Ins Co Of America | RECORDKEEPER | $22,066 | $0 |
| Fnbb Capital Markets LLC | INVESTMENT ADVISOR | $21,340 | $0 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $4,027 | $0 |