2023 Form 5500 filing — Community Financial Services, Inc. Employee Stock Ownership 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 20240913130235NAL0017068816002) for Community Financial Services, Inc. Employee Stock Ownership Plan, reported by Community Financial Services, Inc. under EIN 61-1016269 and plan number 001. It reports 305 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240913130235NAL0017068816002
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Community Financial Services, Inc.
- EIN
- 61-1016269
- Plan number
- 001
- Location
- Benton, KY
- Participants
- 305
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $27,829,687
- Total liabilities (EOY)
- $4,895,029
- Net assets (EOY)
- $22,934,658
- Employer contributions
- $383,004
- Total income / additions
- -$1,745,908
- Benefits paid
- $2,147,269
- Administrative expenses
- $53,347
- Total expenses
- $2,201,129
- Net increase / (decrease)
- -$3,947,037
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Retirement Management Services, LLC | RECORDKEEPER | $21,840 | $0 |
| Forvis | ACCOUNTANT | $18,637 | $0 |
| Fiduciary Trustee Services, LLC | TRUSTEE | $12,000 | $0 |