Community Financial Services, Inc. Employee Stock Ownership Plan — Form 5500 plan (Community Financial Services, Inc.)

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, Community Financial Services, Inc. Employee Stock Ownership Plan is a benefit plan reported by Community Financial Services, Inc. under EIN 61-1016269 and plan number 001. The latest loaded filing year is 2023. The filing reports 305 participants and $27,829,687 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Community Financial Services, Inc.
EIN
61-1016269
Plan number
001
Plan type
2
Location
Benton, KY
Latest filing year
2023
Participants
305
End-of-year plan assets
$27,829,687

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023305H, C20240913130235NAL0017068816002

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$27,829,687
Total liabilities (EOY)
$4,895,029
Net assets (EOY)
$22,934,658
Net assets (BOY)
$26,881,695

Income & contributions

Employer contributions
$383,004
Total contributions
$383,004
Total income / additions
-$1,745,908

Expenses & distributions

Benefits paid
$2,147,269
Administrative expenses
$53,347
Total expenses
$2,201,129
Net increase / (decrease)
-$3,947,037

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Retirement Management Services, LLCRECORDKEEPER$21,840$02023
ForvisACCOUNTANT$18,637$02023
Fiduciary Trustee Services, LLCTRUSTEE$12,000$02023

Related Form 5500 pages