Savings Plan For Employees Of First Bank — Form 5500 plan (First 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, Savings Plan For Employees Of First Bank is a benefit plan reported by First Bank under EIN 92-0007523 and plan number 002. The latest loaded filing year is 2023. The filing reports 176 participants and $23,514,701 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- First Bank
- EIN
- 92-0007523
- Plan number
- 002
- Plan type
- 2
- Location
- Ketchikan, AK
- Latest filing year
- 2023
- Participants
- 176
- End-of-year plan assets
- $23,514,701
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 176 | H, C | 20240723174136NAL0012268833001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $23,514,701
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $23,514,701
- Net assets (BOY)
- $20,837,941
Income & contributions
- Employer contributions
- $257,078
- Participant contributions
- $765,867
- Total contributions
- $1,023,603
- Total income / additions
- $4,040,045
Expenses & distributions
- Benefits paid
- $1,355,050
- Administrative expenses
- $8,235
- Total expenses
- $1,363,285
- Net increase / (decrease)
- $2,676,760
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Vanguard Advisers Inc. | NONE | $6,116 | not reported in the loaded dataset | 2023 |
| The Vanguard Group, Inc. | NONE | $3,243 | $0 | 2023 |