2023 Form 5500 filing — First Resource Bank 401(K) Profit Sharing 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 20240926130448NAL0001564898001) for First Resource Bank 401(K) Profit Sharing Plan, reported by First Resource Bank under EIN 39-0585074 and plan number 003. It reports 83 participants. Attached schedules in the loaded dataset include Schedule I (small plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240926130448NAL0001564898001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- First Resource Bank
- EIN
- 39-0585074
- Plan number
- 003
- Location
- Stillwater, MN
- Participants
- 83
- Schedules available
- Schedule I, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $9,529,358
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $9,529,358
- Employer contributions
- $192,312
- Participant contributions
- $455,719
- Total income / additions
- $1,958,176
- Benefits paid
- $204,063
- Administrative expenses
- $37,001
- Total expenses
- $241,064
- Net increase / (decrease)
- $1,717,112
- Schedule source
- Schedule I
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| John Hancock Life Insurance Co (Usa | RECORDKEEPER/ CUSTODIAN | $31,425 | $0 |