2023 Form 5500 filing — F & M Bancshares, Inc. Savings Incentive 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 20250606105200NAL0009875923001) for F & M Bancshares, Inc. Savings Incentive Plan, reported by F & M Bancshares, Inc. under EIN 73-0956567 and plan number 002. It reports 137 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20250606105200NAL0009875923001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- F & M Bancshares, Inc.
- EIN
- 73-0956567
- Plan number
- 002
- Location
- Oklahoma City, OK
- Participants
- 137
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $10,803,682
- Net assets (EOY)
- $10,803,682
- Employer contributions
- $346,763
- Participant contributions
- $451,728
- Total income / additions
- $2,127,880
- Benefits paid
- $463,945
- Administrative expenses
- $108,151
- Total expenses
- $572,096
- Net increase / (decrease)
- $1,555,784
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Meeder Investment Management | INVESTMENT ADVISOR | $38,262 | not reported in the loaded dataset |
| Osaic Wealth Inc | INVESTMENT ADVISOR | $19,224 | not reported in the loaded dataset |
| Nationwide | RECORDKEEPER | $18,282 | not reported in the loaded dataset |
| Royal Alliance Associates Inc | INVESTMENT ADVISOR | $18,136 | not reported in the loaded dataset |
| Pension Solutions, Inc | TPA | $12,228 | not reported in the loaded dataset |
| Leafhouse Financial Advisors LLC | INVESTMENT ADVISOR | $2,020 | not reported in the loaded dataset |