First Federal Bank 401(K) Profit Sharing Plan — Form 5500 plan (First Federal 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 Federal Bank 401(K) Profit Sharing Plan is a benefit plan reported by First Federal Bank under EIN 59-0969721 and plan number 001. The latest loaded filing year is 2023. The filing reports 772 participants and $84,816,200 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- First Federal Bank
- EIN
- 59-0969721
- Plan number
- 001
- Plan type
- 2
- Location
- Lake City, FL
- Latest filing year
- 2023
- Participants
- 772
- End-of-year plan assets
- $84,816,200
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 772 | H, C | 20240822132621NAL0005154113001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $84,816,200
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $84,816,200
- Net assets (BOY)
- $72,948,194
Income & contributions
- Employer contributions
- $3,351,228
- Participant contributions
- $3,922,856
- Total contributions
- $9,566,601
- Total income / additions
- $22,067,719
Expenses & distributions
- Benefits paid
- $9,814,755
- Administrative expenses
- $373,942
- Total expenses
- $10,199,713
- Net increase / (decrease)
- $11,868,006
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Raymond James | NONE | $281,413 | not reported in the loaded dataset | 2023 |
| Capital Group Retirement Plan Servi | NONE | $47,462 | $0 | 2023 |
| Pasi, LLC | NONE | $45,068 | not reported in the loaded dataset | 2023 |