2023 Form 5500 filing — First Community Bankshares, Inc. Employee Stock Ownership And Savings 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 20240927140913NAL0003931776001) for First Community Bankshares, Inc. Employee Stock Ownership And Savings Plan, reported by First Community Bankshares, Inc. under EIN 55-0694814 and plan number 001. It reports 979 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240927140913NAL0003931776001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- First Community Bankshares, Inc.
- EIN
- 55-0694814
- Plan number
- 001
- Location
- Bluefield, VA
- Participants
- 979
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $74,475,180
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $74,475,180
- Employer contributions
- $1,572,731
- Participant contributions
- $2,188,060
- Total income / additions
- $15,028,291
- Benefits paid
- $8,500,328
- Administrative expenses
- $160,067
- Total expenses
- $8,660,395
- Net increase / (decrease)
- $6,367,896
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $113,057 | $0 |
| Fund Direct Advisors Inc. | INVESTMENT ADVISORY | $46,985 | not reported in the loaded dataset |
| Morningstar Investment Management L | INV ADV, PARTICIPANTS | $0 | $0 |