First Bank Upper Michigan Def Comp P/S — Form 5500 plan (First Bank Upper Michigan)
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 Bank Upper Michigan Def Comp P/S is a benefit plan reported by First Bank Upper Michigan under EIN 38-0579985 and plan number 002. The latest loaded filing year is 2023. The filing reports 184 participants and $25,888,435 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- First Bank Upper Michigan
- EIN
- 38-0579985
- Plan number
- 002
- Plan type
- 2
- Location
- Gladstone, MI
- Latest filing year
- 2023
- Participants
- 184
- End-of-year plan assets
- $25,888,435
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 184 | H, C | 20250117143006NAL0014892499001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $25,888,435
- Net assets (EOY)
- $25,888,435
- Net assets (BOY)
- $22,117,773
Income & contributions
- Employer contributions
- $421,435
- Participant contributions
- $673,855
- Total contributions
- $1,104,548
- Total income / additions
- $4,880,205
Expenses & distributions
- Benefits paid
- $1,107,293
- Administrative expenses
- $2,250
- Total expenses
- $1,109,543
- Net increase / (decrease)
- $3,770,662
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Security National Bank | TRUSTEE | $1,827 | not reported in the loaded dataset | 2023 |
| Charles Schwab Trust Bank | CUSTODIAN | $423 | not reported in the loaded dataset | 2023 |
| Charles Schwab & Co., Inc. | CUSTODIAN | $0 | $0 | 2023 |