2023 Form 5500 filing — First State Bank Of The Florida Keys Profit Sharing Retirement Plan

Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240823131608NAL0006444961001) for First State Bank Of The Florida Keys Profit Sharing Retirement Plan, reported by First State Bank Of The Florida Keys under EIN 65-0790413 and plan number 003. It reports 190 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).

Form 5500 2 · 2023

Filing snapshot

Net assets (EOY)$20.4MReported net assets$20,367,807

Participants190

Provider compensation$93.6K4 Schedule C row(s)$93,585

Schedules filedSchedule H, Schedule CLoaded schedules

EFAST2 acknowledgement: 20240823131608NAL0006444961001
Plan sponsor: First State Bank Of The Florida Keys
EIN: 65-0790413
Plan number: 003
Location: Key West, FL
Received date: not reported in the loaded dataset

How to read this filing

This is a single annual Form 5500 filing, identified by its EFAST2 acknowledgement id.
Schedule chips (Sch H / I / C) show which schedules this filing includes.
Net assets = total assets minus total liabilities (Schedule H/I).
Fields a filing did not report are labeled not reported in the loaded dataset — never estimated.
For the plan's full history, open the plan profile.

Schedule H · 2023

Reported financial snapshot

Reported figures as filed, in whole dollars. Only fields the filing reports are shown.

Reported balance (end of year)$20.4M total assets

Net assets$20.4MLiabilities$0

Money in vs. money out

Total income / additions$4.1M

Total expenses$1.5M

Benefits paid / distributions$1.4M

Contributions

Employer$477.3K

Participant$832.9K

Full reported line items

Total assets (EOY): $20,367,807
Total liabilities (EOY): $0
Net assets (EOY): $20,367,807
Employer contributions: $477,319
Participant contributions: $832,872
Total income / additions: $4,073,170
Benefits paid: $1,407,096
Administrative expenses: $77,522
Total expenses: $1,484,618
Net increase / (decrease): $2,588,552

Schedule C

Reported service provider compensation

Compensation reported on the 2023 filing, ranked by reported total.

1
Principal Life Insurance Company$70K
CONTRACT ADMINISTRATOR · Direct $70K · Indirect $0
2
Edbrooke Stelcner & Associates$16K
OTHER SERVICES · Direct $0 · Indirect $16K
3
Bdo Usa Llp$7.6K
ACCOUNTANT · Direct $7.6K
4
Wilshire Advisors LLC$0
INVESTMENT ADVISORY · Direct $0 · Indirect $0

What to inspect next

Frequently asked questions

What does EFAST2 acknowledgement 20240823131608NAL0006444961001 cover?: It is the 2023 Form 5500 filing for First State Bank Of The Florida Keys Profit Sharing Retirement Plan, reported by First State Bank Of The Florida Keys (EIN 65-0790413).
Which Form 5500 schedules are attached to this 2023 filing?: Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).