First American Bank Corporation Employee Stock Ownership Plan — Form 5500 plan (First American Bank Corporation)
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 American Bank Corporation Employee Stock Ownership Plan is a benefit plan reported by First American Bank Corporation under EIN 36-2782306 and plan number 002. The latest loaded filing year is 2023. The filing reports 933 participants and $67,845,303 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- First American Bank Corporation
- EIN
- 36-2782306
- Plan number
- 002
- Plan type
- 2
- Location
- Elk Grove Village, IL
- Latest filing year
- 2023
- Participants
- 933
- End-of-year plan assets
- $67,845,303
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 933 | H, C | 20240927161403NAL0001418099001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $67,845,303
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $67,845,303
- Net assets (BOY)
- $51,071,536
Income & contributions
- Employer contributions
- $3,147,713
- Total contributions
- $3,147,713
- Total income / additions
- $19,201,205
Expenses & distributions
- Benefits paid
- $2,419,873
- Administrative expenses
- $7,565
- Total expenses
- $2,427,438
- Net increase / (decrease)
- $16,773,767
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| First American Bank | DIVISION OF SPONSOR | $7,565 | not reported in the loaded dataset | 2023 |