2023 Form 5500 filing — Paragon Bank 401(K) 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 20241001094816NAL0003881459001) for Paragon Bank 401(K) Employee Stock Ownership Plan, reported by Paragon Bank under EIN 20-1022853 and plan number 001. It reports 137 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241001094816NAL0003881459001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Paragon Bank
- EIN
- 20-1022853
- Plan number
- 001
- Location
- Memphis, TN
- Participants
- 137
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $14,123,149
- Total liabilities (EOY)
- $258,264
- Net assets (EOY)
- $13,864,885
- Employer contributions
- $548,670
- Participant contributions
- $724,955
- Total income / additions
- $3,155,084
- Benefits paid
- $593,390
- Administrative expenses
- $27,894
- Total expenses
- $668,636
- Net increase / (decrease)
- $2,486,448
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Independent Financial Partners | RIA | $26,883 | not reported in the loaded dataset |
| John Hancock Usa | RECORDKEEPER | $336 | $0 |