2023 Form 5500 filing — First United Corporation 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 20241010084524NAL0035296512001) for First United Corporation 401(K) Profit Sharing Plan, reported by First United Corporation under EIN 52-1380770 and plan number 002. It reports 474 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241010084524NAL0035296512001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- First United Corporation
- EIN
- 52-1380770
- Plan number
- 002
- Location
- Oakland, MD
- Participants
- 474
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $38,233,043
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $38,233,043
- Employer contributions
- $1,420,309
- Participant contributions
- $1,477,272
- Total income / additions
- $7,967,051
- Benefits paid
- $4,632,967
- Administrative expenses
- $62,734
- Total expenses
- $4,695,701
- Net increase / (decrease)
- $3,271,350
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Cbiz Benefits & Insurance Services | CONTRACT ADMINISTRATOR | $22,845 | not reported in the loaded dataset |
| Cbiz Investment Advisory Services | INVESTMENT ADVISOR | $15,000 | not reported in the loaded dataset |
| Smith Elliott Kerns & Company, LLC | AUDITOR | $10,800 | not reported in the loaded dataset |
| Empower Annuity Insurance Company | RECORDKEEPER | $8,944 | $0 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $6,421 | not reported in the loaded dataset |