2023 Form 5500 filing — First Citizens National Bank 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 20240904163006NAL0036847712001) for First Citizens National Bank 401(K) Plan, reported by First Citizens National Bank under EIN 62-0201100 and plan number 003. It reports 382 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240904163006NAL0036847712001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- First Citizens National Bank
- EIN
- 62-0201100
- Plan number
- 003
- Location
- Dyersburg, TN
- Participants
- 382
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $32,556,895
- Net assets (EOY)
- $32,556,895
- Employer contributions
- $669,709
- Participant contributions
- $1,364,540
- Total income / additions
- $7,016,568
- Benefits paid
- $4,854,452
- Administrative expenses
- $125,654
- Total expenses
- $4,980,106
- Net increase / (decrease)
- $2,036,462
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| First Citizens National | TRUSTEE | $78,203 | not reported in the loaded dataset |
| Principal Life Insurance Company | CONTRACT ADMINISTRATIOR | $47,451 | $0 |
| Alexander Thompson Arnold Pllc | OTHER SERVICES | $0 | $13,905 |
| Wilshire Associates Incorporated | INVESTMENT ADVISORY | $0 | $0 |