Plan5500

Home Federal Bank Of Tennessee Medical Insurance Plan — Form 5500 plan (Home Federal Bank Of Tennessee)

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, Home Federal Bank Of Tennessee Medical Insurance Plan is a benefit plan reported by Home Federal Bank Of Tennessee under EIN 62-0239150 and plan number 503. The latest loaded filing year is 2023. The filing reports 288 participants and $1,123,263 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$943.3KPlan net assets, end of year$943,305
Participants288Covered participants reported
Assets / participant$3.9KComputed: assets ÷ participants$3,900 (computed)
Provider compensation$199.5K1 Schedule C provider row(s)$199,540
Plan sponsor
Home Federal Bank Of Tennessee
EIN
62-0239150
Plan number
503
Plan type
2
Location
Knoxville, TN
Latest filing year
2023
EFAST2 filings

Form 5500 filing history

Each loaded annual filing for this plan. Open one for its full reported snapshot.

  1. 2023
    288 participants · 2Sch HSch C
    View filing →
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$1.1M total assets
Net assets$943.3KLiabilities$180K
Money in vs. money out
Total income / additions$3.4M
Total expenses$3.4M
Benefits paid / distributions$3.2M
Contributions
Employer$2M
Participant$1.4M
Full reported line items

Net assets

Total assets (EOY)
$1,123,263
Total liabilities (EOY)
$179,958
Net assets (EOY)
$943,305
Net assets (BOY)
$971,127

Income & contributions

Employer contributions
$1,963,000
Participant contributions
$1,358,590
Total contributions
$3,321,590
Total income / additions
$3,367,602

Expenses & distributions

Benefits paid
$3,233,595
Administrative expenses
$161,829
Total expenses
$3,395,424
Net increase / (decrease)
-$27,822
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 59%Participant 41%
Total expenses ÷ net assets360%Computed ratio
Benefits paid ÷ total income96%Computed ratio
Provider comp. ÷ net assets21%Computed ratio
Schedule C

Service provider compensation

Reported direct + indirect compensation per provider, ranked. Bars show relative scale.

  1. 1
    Bluecross Blueshield Of Tn$199.5K
    CONTRACT ADMINISTRATOR · Direct $165.7K · Indirect $33.8K

Related Form 5500 pages