First State Bank 401(K) Profit Sharing Plan — Form 5500 plan (First State Bank)
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 State Bank 401(K) Profit Sharing Plan is a benefit plan reported by First State Bank under EIN 36-1465165 and plan number 001. The latest loaded filing year is 2023. The filing reports 275 participants and $35,940,656 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- First State Bank
- EIN
- 36-1465165
- Plan number
- 001
- Plan type
- 2
- Location
- Mendota, IL
- Latest filing year
- 2023
- Participants
- 275
- End-of-year plan assets
- $35,940,656
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 275 | H, C | 20241008142337NAL0016850785001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $35,940,656
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $35,940,656
- Net assets (BOY)
- $30,482,083
Income & contributions
- Employer contributions
- $1,405,341
- Participant contributions
- $1,133,883
- Total contributions
- $2,628,032
- Total income / additions
- $7,767,340
Expenses & distributions
- Benefits paid
- $2,171,247
- Administrative expenses
- $133,026
- Total expenses
- $2,308,767
- Net increase / (decrease)
- $5,458,573
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| John Hancock Life Insurance Company | RECORDKEEPER | $82,840 | $0 | 2023 |
| Commonwealth Financial Network | RIA | $48,835 | not reported in the loaded dataset | 2023 |