2023 Form 5500 filing — First International Bank & Trust 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 20241015090510NAL0048591328001) for First International Bank & Trust 401(K) Profit Sharing Plan, reported by First International Bank & Trust under EIN 45-0134280 and plan number 003. It reports 950 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015090510NAL0048591328001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- First International Bank & Trust
- EIN
- 45-0134280
- Plan number
- 003
- Location
- Watford City, ND
- Participants
- 950
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $88,112,648
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $88,112,648
- Employer contributions
- $2,724,392
- Participant contributions
- $5,378,529
- Total income / additions
- $24,825,660
- Benefits paid
- $9,442,335
- Administrative expenses
- $38,762
- Total expenses
- $9,481,097
- Net increase / (decrease)
- $15,344,563
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company O | RECORDKEEPER | $9,264 | $0 |
| Newedge Securities, Inc. | RECORDKEEPING | $6,899 | not reported in the loaded dataset |
| First International Bank & Trust | OTHER | $6,484 | not reported in the loaded dataset |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $465 | not reported in the loaded dataset |