2023 Form 5500 filing — Metro City Bank Section 401(K) Profit Sharing 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 20241004162309NAL0024110370001) for Metro City Bank Section 401(K) Profit Sharing Plan, reported by Metro City Bank under EIN 76-0819027 and plan number 001. It reports 250 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241004162309NAL0024110370001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Metro City Bank
- EIN
- 76-0819027
- Plan number
- 001
- Location
- Doraville, GA
- Participants
- 250
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $19,728,721
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $19,728,721
- Employer contributions
- $1,018,000
- Participant contributions
- $1,843,728
- Total income / additions
- $5,226,451
- Benefits paid
- $843,740
- Administrative expenses
- $32,498
- Total expenses
- $876,238
- Net increase / (decrease)
- $4,350,213
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Gba Retirement Services, Inc. | NONE | $21,260 | not reported in the loaded dataset |
| American Trust Company | NONE | $11,238 | $0 |