2023 Form 5500 filing — First Farmers Financial Corp. 401k 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 20241015084343NAL0029046529001) for First Farmers Financial Corp. 401k Profit Sharing Plan, reported by First Farmers Financial Corp. under EIN 31-1248326 and plan number 002. It reports 424 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015084343NAL0029046529001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- First Farmers Financial Corp.
- EIN
- 31-1248326
- Plan number
- 002
- Location
- Converse, IN
- Participants
- 424
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $38,214,741
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $38,214,741
- Employer contributions
- $1,349,683
- Participant contributions
- $1,615,240
- Total income / additions
- $8,369,387
- Benefits paid
- $4,461,534
- Administrative expenses
- $134,981
- Total expenses
- $4,596,515
- Net increase / (decrease)
- $3,772,872
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Northwest Bank | TRUSTEE | $51,787 | not reported in the loaded dataset |
| Empower Annuity Insurance Company | RECORDKEEPER | $31,236 | $0 |
| Retirement Plan Concepts & Services | CONTRACT ADMIN | $15,796 | $10,000 |
| Forvis Mazars, Llp | AUDITOR | $16,500 | not reported in the loaded dataset |
| Ascib Lp | OTHER | $11,000 | not reported in the loaded dataset |
| Empower Advisory Group, LLC | INVESTMENT MANAGER | $8,662 | not reported in the loaded dataset |