2023 Form 5500 filing — First Gilmer Bankshares Employee 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 20240927123701NAL0003681152001) for First Gilmer Bankshares Employee Savings Plan, reported by First National Bank Of Gilmer under EIN 75-0291493 and plan number 001. It reports 192 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240927123701NAL0003681152001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- First National Bank Of Gilmer
- EIN
- 75-0291493
- Plan number
- 001
- Location
- Gilmer, TX
- Participants
- 192
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $11,026,557
- Total liabilities (EOY)
- $1,590
- Net assets (EOY)
- $11,024,967
- Employer contributions
- $611,326
- Participant contributions
- $433,227
- Total income / additions
- $2,252,963
- Benefits paid
- $443,492
- Administrative expenses
- $53,712
- Total expenses
- $502,554
- Net increase / (decrease)
- $1,750,409
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Merrill Lynch Pierce Fenner & Smith | INVESTMENT ADVISOR | $24,215 | not reported in the loaded dataset |
| Alliance Benefit Group Of Houston | CONTRACT ADMIN | $4,581 | $4,785 |
| Empower Annuity Insurance Company | RECORDKEEPER | $1,310 | $0 |
| Empower Annuity Insurance Company | INVESTMENT MGMT | $524 | not reported in the loaded dataset |