2023 Form 5500 filing — First Ic Bank 401(K) 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 20241004074907NAL0019157952001) for First Ic Bank 401(K) Plan, reported by First Ic Bank under EIN 58-2437755 and plan number 001. It reports 199 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241004074907NAL0019157952001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- First Ic Bank
- EIN
- 58-2437755
- Plan number
- 001
- Location
- Doraville, GA
- Participants
- 199
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $10,925,444
- Total liabilities (EOY)
- $5,927
- Net assets (EOY)
- $10,919,517
- Employer contributions
- $411,619
- Participant contributions
- $829,809
- Total income / additions
- $2,777,008
- Benefits paid
- $368,396
- Administrative expenses
- $18,146
- Total expenses
- $386,542
- Net increase / (decrease)
- $2,390,466
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Gba Retirement Services, Inc. | NONE | $12,180 | not reported in the loaded dataset |
| American Trust Company | TRUSTEE | $3,957 | $0 |