Planters Bank Employee Stock Ownership And 401(K) Retirement Savings Plan — Form 5500 plan (Planters 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, Planters Bank Employee Stock Ownership And 401(K) Retirement Savings Plan is a benefit plan reported by Planters Bank under EIN 61-1293646 and plan number 002. The latest loaded filing year is 2023. The filing reports 193 participants and $25,734,352 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Planters Bank
- EIN
- 61-1293646
- Plan number
- 002
- Plan type
- 2
- Location
- Hopkinsville, KY
- Latest filing year
- 2023
- Participants
- 193
- End-of-year plan assets
- $25,734,352
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 193 | H, C | 20240926145959NAL0001483104001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $25,734,352
- Total liabilities (EOY)
- $6,054
- Net assets (EOY)
- $25,728,298
- Net assets (BOY)
- $33,222,134
Income & contributions
- Employer contributions
- $821,699
- Participant contributions
- $871,997
- Total contributions
- $1,693,696
- Total income / additions
- $3,057,517
Expenses & distributions
- Benefits paid
- $10,479,298
- Administrative expenses
- $24,452
- Total expenses
- $10,551,353
- Net increase / (decrease)
- -$7,493,836
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Lincoln National Corporation | SERVICE PROVIDER | $19,053 | not reported in the loaded dataset | 2023 |
| Tpa At Time Of Fee Withdrawal | THIRD PARTY ADMINISTRATO | $5,399 | not reported in the loaded dataset | 2023 |