2023 Form 5500 filing — First & Farmers National Bank, Inc. 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 20241014152546NAL0013532451001) for First & Farmers National Bank, Inc. 401(K) Plan, reported by First & Farmers National Bank, Inc. under EIN 26-1180737 and plan number 001. It reports 162 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014152546NAL0013532451001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- First & Farmers National Bank, Inc.
- EIN
- 26-1180737
- Plan number
- 001
- Location
- Somerset, KY
- Participants
- 162
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $12,082,770
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $12,082,770
- Employer contributions
- $284,184
- Participant contributions
- $426,658
- Total income / additions
- $2,337,422
- Benefits paid
- $858,375
- Administrative expenses
- $48,902
- Total expenses
- $907,277
- Net increase / (decrease)
- $1,430,145
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Transamerica Retirement Solutions | RECORDKEEPER | $31,423 | $0 |
| Robert W Baird & Co | ADVISOR | $10,753 | not reported in the loaded dataset |
| Fidelity Investments Institutional | RECORDKEEPER | $6,726 | $0 |