2023 Form 5500 filing — First American Bank Welfare Benefits 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 20241011173959NAL0012820579001) for First American Bank Welfare Benefits Plan, reported by First American Bank under EIN 85-0020635 and plan number 501. It reports 188 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241011173959NAL0012820579001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- First American Bank
- EIN
- 85-0020635
- Plan number
- 501
- Location
- Artesia, NM
- Participants
- 188
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $201,727
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $201,727
- Employer contributions
- $1,655,000
- Participant contributions
- $638,798
- Total income / additions
- $2,304,522
- Benefits paid
- $1,743,959
- Administrative expenses
- $611,118
- Total expenses
- $2,355,077
- Net increase / (decrease)
- -$50,555
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Aon Corporation | NONE | $51,160 | not reported in the loaded dataset |
| Bluecross Blueshield Of New Mexico | NONE | $1,663 | not reported in the loaded dataset |