First Community Bank 401(K) Plan — Form 5500 plan (First Community 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 Community Bank 401(K) Plan is a benefit plan reported by First Community Bank under EIN 57-1030051 and plan number 001. The latest loaded filing year is 2023. The filing reports 320 participants and $30,868,417 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- First Community Bank
- EIN
- 57-1030051
- Plan number
- 001
- Plan type
- 2
- Location
- Lexington, SC
- Latest filing year
- 2023
- Participants
- 320
- End-of-year plan assets
- $30,868,417
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 320 | H, C | 20240730093216NAL0020459953001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $30,868,417
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $30,868,417
- Net assets (BOY)
- $24,457,084
Income & contributions
- Employer contributions
- $1,024,065
- Participant contributions
- $1,350,972
- Total contributions
- $3,067,767
- Total income / additions
- $7,553,877
Expenses & distributions
- Benefits paid
- $1,069,149
- Administrative expenses
- $73,395
- Total expenses
- $1,142,544
- Net increase / (decrease)
- $6,411,333
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Carolina Qualified Retirement Plan | NONE | $45,239 | not reported in the loaded dataset | 2023 |
| The Vanguard Group, Inc. | NONE | $28,156 | $0 | 2023 |