2023 Form 5500 filing — Planters Bank Employee Stock Ownership And 401(K) Retirement Savings 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 20240926145959NAL0001483104001) for Planters Bank Employee Stock Ownership And 401(K) Retirement Savings Plan, reported by Planters Bank under EIN 61-1293646 and plan number 002. It reports 193 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240926145959NAL0001483104001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Planters Bank
- EIN
- 61-1293646
- Plan number
- 002
- Location
- Hopkinsville, KY
- Participants
- 193
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $25,734,352
- Total liabilities (EOY)
- $6,054
- Net assets (EOY)
- $25,728,298
- Employer contributions
- $821,699
- Participant contributions
- $871,997
- Total income / additions
- $3,057,517
- Benefits paid
- $10,479,298
- Administrative expenses
- $24,452
- Total expenses
- $10,551,353
- Net increase / (decrease)
- -$7,493,836
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Lincoln National Corporation | SERVICE PROVIDER | $19,053 | not reported in the loaded dataset |
| Tpa At Time Of Fee Withdrawal | THIRD PARTY ADMINISTRATO | $5,399 | not reported in the loaded dataset |