2023 Form 5500 filing — Banctenn Corp. Employee Stock Ownership 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 20241003134125NAL0010623569001) for Banctenn Corp. Employee Stock Ownership Plan, reported by Banctenn Corp. under EIN 62-1225291 and plan number 002. It reports 326 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241003134125NAL0010623569001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Banctenn Corp.
- EIN
- 62-1225291
- Plan number
- 002
- Location
- Johnson City, TN
- Participants
- 326
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $6,893,476
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $6,893,476
- Employer contributions
- $300,000
- Total income / additions
- $84,040
- Benefits paid
- $706,129
- Administrative expenses
- $37,032
- Total expenses
- $743,161
- Net increase / (decrease)
- -$659,121
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Menke & Associates, Inc. | NONE | $23,832 | not reported in the loaded dataset |
| Mercer Capital | NONE | $13,200 | not reported in the loaded dataset |