2023 Form 5500 filing — First Metro Bank 401(K) Retirement 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 20241011133901NAL0012546547001) for First Metro Bank 401(K) Retirement Plan, reported by First Metro Bank under EIN 63-0980487 and plan number 001. It reports 125 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
Form 5500 2 · 2023
Filing snapshot
Net assets (EOY)$12.7MReported net assets$12,735,915
Participants125
Provider compensation$6.4K3 Schedule C row(s)$6,433
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20241011133901NAL0012546547001
- Plan sponsor
- First Metro Bank
- EIN
- 63-0980487
- Plan number
- 001
- Location
- Muscle Shoals, AL
- Received date
- not reported in the loaded dataset
Schedule H · 2023
Reported financial snapshot
Reported figures as filed, in whole dollars. Only fields the filing reports are shown.
Reported balance (end of year)$12.7M total assets
Net assets$12.7MLiabilities$0
Full reported line items
- Total assets (EOY)
- $12,735,915
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $12,735,915
- Employer contributions
- $247,383
- Participant contributions
- $547,492
- Total income / additions
- $2,526,482
- Benefits paid
- $1,227,142
- Administrative expenses
- $6,427
- Total expenses
- $1,233,569
- Net increase / (decrease)
- $1,292,913
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $6,433 | $0 |
| Morningstar Investment Management L | INV ADV, PARTICIPANTS | $0 | $0 |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 |