First & Farmers National Bank, Inc. 401(K) Plan — Form 5500 plan (First & Farmers National Bank, Inc.)
Plain-English plan 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, First & Farmers National Bank, Inc. 401(K) Plan is a benefit plan reported by First & Farmers National Bank, Inc. under EIN 26-1180737 and plan number 001. The latest loaded filing year is 2023. The filing reports 162 participants and $12,082,770 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- First & Farmers National Bank, Inc.
- EIN
- 26-1180737
- Plan number
- 001
- Plan type
- 2
- Location
- Somerset, KY
- Latest filing year
- 2023
- Participants
- 162
- End-of-year plan assets
- $12,082,770
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 162 | H, C | 20241014152546NAL0013532451001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $12,082,770
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $12,082,770
- Net assets (BOY)
- $10,652,625
Income & contributions
- Employer contributions
- $284,184
- Participant contributions
- $426,658
- Total contributions
- $715,262
- Total income / additions
- $2,337,422
Expenses & distributions
- Benefits paid
- $858,375
- Administrative expenses
- $48,902
- Total expenses
- $907,277
- Net increase / (decrease)
- $1,430,145
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Transamerica Retirement Solutions | RECORDKEEPER | $31,423 | $0 | 2023 |
| Robert W Baird & Co | ADVISOR | $10,753 | not reported in the loaded dataset | 2023 |
| Fidelity Investments Institutional | RECORDKEEPER | $6,726 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for First & Farmers National Bank, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in KY
- 401(k) and benefit plan filings in Somerset, KY
- Transamerica Retirement Solutions — Schedule C compensation
- Robert W Baird & Co — Schedule C compensation
- Fidelity Investments Institutional — Schedule C compensation