First Resource Bank 401(K) Profit Sharing Plan — Form 5500 plan (First Resource 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 Resource Bank 401(K) Profit Sharing Plan is a benefit plan reported by First Resource Bank under EIN 39-0585074 and plan number 003. The latest loaded filing year is 2023. The filing reports 83 participants and $9,529,358 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- First Resource Bank
- EIN
- 39-0585074
- Plan number
- 003
- Plan type
- 2
- Location
- Stillwater, MN
- Latest filing year
- 2023
- Participants
- 83
- End-of-year plan assets
- $9,529,358
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 83 | I, C | 20240926130448NAL0001564898001 |
Reported financial statement (2023 · Schedule I)
Net assets
- Total assets (EOY)
- $9,529,358
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $9,529,358
- Net assets (BOY)
- $7,812,246
Income & contributions
- Employer contributions
- $192,312
- Participant contributions
- $455,719
- Total income / additions
- $1,958,176
Expenses & distributions
- Benefits paid
- $204,063
- Administrative expenses
- $37,001
- Total expenses
- $241,064
- Net increase / (decrease)
- $1,717,112
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| John Hancock Life Insurance Co (Usa | RECORDKEEPER/ CUSTODIAN | $31,425 | $0 | 2023 |