First Gilmer Bankshares Employee Savings Plan — Form 5500 plan (First National Bank Of Gilmer)
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 Gilmer Bankshares Employee Savings Plan is a benefit plan reported by First National Bank Of Gilmer under EIN 75-0291493 and plan number 001. The latest loaded filing year is 2023. The filing reports 192 participants and $11,026,557 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- First National Bank Of Gilmer
- EIN
- 75-0291493
- Plan number
- 001
- Plan type
- 2
- Location
- Gilmer, TX
- Latest filing year
- 2023
- Participants
- 192
- End-of-year plan assets
- $11,026,557
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 192 | H, C | 20240927123701NAL0003681152001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $11,026,557
- Total liabilities (EOY)
- $1,590
- Net assets (EOY)
- $11,024,967
- Net assets (BOY)
- $9,274,558
Income & contributions
- Employer contributions
- $611,326
- Participant contributions
- $433,227
- Total contributions
- $1,055,987
- Total income / additions
- $2,252,963
Expenses & distributions
- Benefits paid
- $443,492
- Administrative expenses
- $53,712
- Total expenses
- $502,554
- Net increase / (decrease)
- $1,750,409
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Merrill Lynch Pierce Fenner & Smith | INVESTMENT ADVISOR | $24,215 | not reported in the loaded dataset | 2023 |
| Alliance Benefit Group Of Houston | CONTRACT ADMIN | $4,581 | $4,785 | 2023 |
| Empower Annuity Insurance Company | RECORDKEEPER | $1,310 | $0 | 2023 |
| Empower Annuity Insurance Company | INVESTMENT MGMT | $524 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for First National Bank Of Gilmer
- 2023 Form 5500 filing
- Form 5500 filings in TX
- 401(k) and benefit plan filings in Gilmer, TX
- Merrill Lynch Pierce Fenner & Smith — Schedule C compensation
- Alliance Benefit Group Of Houston — Schedule C compensation
- Empower Annuity Insurance Company — Schedule C compensation