2023 Form 5500 filing — First Bank Upper Michigan Def Comp P/S
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 20250117143006NAL0014892499001) for First Bank Upper Michigan Def Comp P/S, reported by First Bank Upper Michigan under EIN 38-0579985 and plan number 002. It reports 184 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20250117143006NAL0014892499001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- First Bank Upper Michigan
- EIN
- 38-0579985
- Plan number
- 002
- Location
- Gladstone, MI
- Participants
- 184
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $25,888,435
- Net assets (EOY)
- $25,888,435
- Employer contributions
- $421,435
- Participant contributions
- $673,855
- Total income / additions
- $4,880,205
- Benefits paid
- $1,107,293
- Administrative expenses
- $2,250
- Total expenses
- $1,109,543
- Net increase / (decrease)
- $3,770,662
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Security National Bank | TRUSTEE | $1,827 | not reported in the loaded dataset |
| Charles Schwab Trust Bank | CUSTODIAN | $423 | not reported in the loaded dataset |
| Charles Schwab & Co., Inc. | CUSTODIAN | $0 | $0 |