2023 Form 5500 filing — First Communities Management, Inc. 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 20240920183352NAL0007899009001) for First Communities Management, Inc. 401(K) Plan, reported by First Communities Management, Inc. under EIN 58-1851565 and plan number 001. It reports 816 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240920183352NAL0007899009001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- First Communities Management, Inc.
- EIN
- 58-1851565
- Plan number
- 001
- Location
- Atlanta, GA
- Participants
- 816
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $16,856,063
- Net assets (EOY)
- $16,856,063
- Employer contributions
- $702,312
- Participant contributions
- $1,242,337
- Total income / additions
- $4,557,754
- Benefits paid
- $662,378
- Administrative expenses
- $160,667
- Total expenses
- $823,045
- Net increase / (decrease)
- $3,734,709
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $143,686 | $0 |
| Mma Securities LLC | INVESTMENT ADVISORY | $0 | $57,014 |
| Pension Financial Services, Inc. | CONTRACT ADMINISTRATOR | $16,981 | $6,902 |
| Frazier & Deeter | ACCOUNTANT | $0 | $16,000 |