Flanagan State Bank Profit Sharing Plan & Trust — Form 5500 plan (Flanagan 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, Flanagan State Bank Profit Sharing Plan & Trust is a benefit plan reported by Flanagan State Bank under EIN 37-0276830 and plan number 002. The latest loaded filing year is 2023. The filing reports 181 participants and $14,073,906 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Flanagan State Bank
- EIN
- 37-0276830
- Plan number
- 002
- Plan type
- 2
- Location
- Flanagan, IL
- Latest filing year
- 2023
- Participants
- 181
- End-of-year plan assets
- $14,073,906
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 181 | H, C | 20241011105517NAL0022615153001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $14,073,906
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $14,073,906
- Net assets (BOY)
- $11,915,828
Income & contributions
- Employer contributions
- $302,947
- Participant contributions
- $594,649
- Total contributions
- $947,890
- Total income / additions
- $3,272,066
Expenses & distributions
- Benefits paid
- $1,070,219
- Administrative expenses
- $43,769
- Total expenses
- $1,113,988
- Net increase / (decrease)
- $2,158,078
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| North Star Investment Management | FINANCIAL ADVISOR | $26,500 | not reported in the loaded dataset | 2023 |
| Employee Fiduciary, LLC | RECORDKEEPER | $17,269 | $454 | 2023 |