First Berne Employee Stock Ownership And 401( K) Plan — Form 5500 plan (First Berne Financial Corp)
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 Berne Employee Stock Ownership And 401( K) Plan is a benefit plan reported by First Berne Financial Corp under EIN 35-1625680 and plan number 002. The latest loaded filing year is 2023. The filing reports 149 participants and $27,447,059 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- First Berne Financial Corp
- EIN
- 35-1625680
- Plan number
- 002
- Plan type
- 2
- Location
- Berne, IN
- Latest filing year
- 2023
- Participants
- 149
- End-of-year plan assets
- $27,447,059
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 149 | H, C | 20240930154239NAL0005747665001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $27,447,059
- Total liabilities (EOY)
- $2,584,128
- Net assets (EOY)
- $24,862,931
- Net assets (BOY)
- $23,937,884
Income & contributions
- Employer contributions
- $403,546
- Participant contributions
- $578,693
- Total contributions
- $1,065,827
- Total income / additions
- $2,470,011
Expenses & distributions
- Benefits paid
- $1,432,246
- Administrative expenses
- $36,342
- Total expenses
- $1,544,964
- Net increase / (decrease)
- $925,047
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $36,342 | $0 | 2023 |
| Morningstar Investment Management L | INV ADV, PARTICIPANTS | $0 | $0 | 2023 |