First Ic Bank 401(K) Plan — Form 5500 plan (First Ic 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 Ic Bank 401(K) Plan is a benefit plan reported by First Ic Bank under EIN 58-2437755 and plan number 001. The latest loaded filing year is 2023. The filing reports 199 participants and $10,925,444 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- First Ic Bank
- EIN
- 58-2437755
- Plan number
- 001
- Plan type
- 2
- Location
- Doraville, GA
- Latest filing year
- 2023
- Participants
- 199
- End-of-year plan assets
- $10,925,444
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 199 | H, C | 20241004074907NAL0019157952001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $10,925,444
- Total liabilities (EOY)
- $5,927
- Net assets (EOY)
- $10,919,517
- Net assets (BOY)
- $8,529,051
Income & contributions
- Employer contributions
- $411,619
- Participant contributions
- $829,809
- Total contributions
- $1,400,400
- Total income / additions
- $2,777,008
Expenses & distributions
- Benefits paid
- $368,396
- Administrative expenses
- $18,146
- Total expenses
- $386,542
- Net increase / (decrease)
- $2,390,466
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Gba Retirement Services, Inc. | NONE | $12,180 | not reported in the loaded dataset | 2023 |
| American Trust Company | TRUSTEE | $3,957 | $0 | 2023 |