2023 Form 5500 filing — First Western Bancshares, Inc. Employee Stock Ownership And 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 20241014083103NAL0026820497001) for First Western Bancshares, Inc. Employee Stock Ownership And 401(K) Plan, reported by First Western Bancshares, Inc. under EIN 71-0605306 and plan number 002. It reports 192 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
Form 5500 2 · 2023
Filing snapshot
Net assets (EOY)$16.5MReported net assets$16,507,842
Participants192
Provider compensation$45.3K3 Schedule C row(s)$45,330
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20241014083103NAL0026820497001
- Plan sponsor
- First Western Bancshares, Inc.
- EIN
- 71-0605306
- Plan number
- 002
- Location
- Booneville, AR
- Received date
- not reported in the loaded dataset
Schedule H · 2023
Reported financial snapshot
Reported figures as filed, in whole dollars. Only fields the filing reports are shown.
Reported balance (end of year)$16.5M total assets
Net assets$16.5MLiabilities—
Full reported line items
- Total assets (EOY)
- $16,507,842
- Net assets (EOY)
- $16,507,842
- Employer contributions
- $610,000
- Participant contributions
- $429,028
- Total income / additions
- $2,222,271
- Benefits paid
- $722,225
- Administrative expenses
- $46,817
- Total expenses
- $769,042
- Net increase / (decrease)
- $1,453,229
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Forvis, Llp | NONE | $26,480 | not reported in the loaded dataset |
| Landmark, Plc | NONE | $11,500 | not reported in the loaded dataset |
| Stern Brothers Valuation Advisors | NONE | $7,350 | not reported in the loaded dataset |