First Metro Bank 401(K) Retirement Plan — Form 5500 plan (First Metro 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 Metro Bank 401(K) Retirement Plan is a benefit plan reported by First Metro Bank under EIN 63-0980487 and plan number 001. The latest loaded filing year is 2023. The filing reports 125 participants and $12,735,915 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- First Metro Bank
- EIN
- 63-0980487
- Plan number
- 001
- Plan type
- 2
- Location
- Muscle Shoals, AL
- Latest filing year
- 2023
- Participants
- 125
- End-of-year plan assets
- $12,735,915
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 125 | H, C | 20241011133901NAL0012546547001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $12,735,915
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $12,735,915
- Net assets (BOY)
- $11,443,002
Income & contributions
- Employer contributions
- $247,383
- Participant contributions
- $547,492
- Total contributions
- $794,875
- Total income / additions
- $2,526,482
Expenses & distributions
- Benefits paid
- $1,227,142
- Administrative expenses
- $6,427
- Total expenses
- $1,233,569
- Net increase / (decrease)
- $1,292,913
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $6,433 | $0 | 2023 |
| Morningstar Investment Management L | INV ADV, PARTICIPANTS | $0 | $0 | 2023 |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for First Metro Bank
- 2023 Form 5500 filing
- Form 5500 filings in AL
- 401(k) and benefit plan filings in Muscle Shoals, AL
- Principal Life Insurance Company — Schedule C compensation
- Morningstar Investment Management L — Schedule C compensation
- Wilshire Advisors LLC — Schedule C compensation