First Bank Of Clewiston Esop &401(K) Profit Sharing Plan — Form 5500 plan (First Bank Of Clewiston)
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 Of Clewiston Esop &401(K) Profit Sharing Plan is a benefit plan reported by First Bank Of Clewiston under EIN 59-0242465 and plan number 002. The latest loaded filing year is 2023. The filing reports 135 participants and $10,140,937 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- First Bank Of Clewiston
- EIN
- 59-0242465
- Plan number
- 002
- Plan type
- 2
- Location
- Clewiston, FL
- Latest filing year
- 2023
- Participants
- 135
- End-of-year plan assets
- $10,140,937
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 135 | H, C | 20241114144304NAL0010780067001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $10,140,937
- Total liabilities (EOY)
- $200,940
- Net assets (EOY)
- $9,939,997
- Net assets (BOY)
- $9,107,307
Income & contributions
- Employer contributions
- $433,293
- Participant contributions
- $288,850
- Total contributions
- $722,143
- Total income / additions
- $1,775,545
Expenses & distributions
- Benefits paid
- $903,513
- Administrative expenses
- $21,952
- Total expenses
- $942,855
- Net increase / (decrease)
- $832,690
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Mma Securities LLC | INVESTMENT ADVISORY | $11,765 | $5 | 2023 |
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $10,184 | $0 | 2023 |