First State Bank 401(K) Profit Sharing And Employee Stock Ownership Plan — Form 5500 plan (First State Bank, Gainesville, Texas)
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 State Bank 401(K) Profit Sharing And Employee Stock Ownership Plan is a benefit plan reported by First State Bank, Gainesville, Texas under EIN 75-0270410 and plan number 002. The latest loaded filing year is 2023. The filing reports 401 participants and $39,602,275 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- First State Bank, Gainesville, Texas
- EIN
- 75-0270410
- Plan number
- 002
- Plan type
- 2
- Location
- Gainesville, TX
- Latest filing year
- 2023
- Participants
- 401
- End-of-year plan assets
- $39,602,275
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 401 | H, C | 20241122122758NAL0003016944001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $39,602,275
- Total liabilities (EOY)
- $2,550,160
- Net assets (EOY)
- $37,052,115
- Net assets (BOY)
- $34,690,992
Income & contributions
- Employer contributions
- $1,305,092
- Participant contributions
- $1,216,650
- Total contributions
- $3,186,560
- Total income / additions
- $5,924,456
Expenses & distributions
- Benefits paid
- $3,477,146
- Administrative expenses
- $86,187
- Total expenses
- $3,563,333
- Net increase / (decrease)
- $2,361,123
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $86,186 | $0 | 2023 |
| Woodbury Financial Services | OTHER SERVICES | $0 | $34,339 | 2023 |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for First State Bank, Gainesville, Texas
- 2023 Form 5500 filing
- Form 5500 filings in TX
- 401(k) and benefit plan filings in Gainesville, TX
- Principal Life Insurance Company — Schedule C compensation
- Woodbury Financial Services — Schedule C compensation
- Wilshire Advisors LLC — Schedule C compensation