2023 Form 5500 filing — First Community Bank Of Tennessee Profit Sharing 401(K) Plan And Trust
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 20241015122514NAL0016379219001) for First Community Bank Of Tennessee Profit Sharing 401(K) Plan And Trust, reported by First Community Bank Of Tennessee under EIN 62-1333150 and plan number 001. It reports 587 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015122514NAL0016379219001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- First Community Bank Of Tennessee
- EIN
- 62-1333150
- Plan number
- 001
- Location
- Shelbyville, TN
- Participants
- 587
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $27,149,464
- Total liabilities (EOY)
- $33,190
- Net assets (EOY)
- $27,116,274
- Employer contributions
- $1,561,857
- Participant contributions
- $2,643,769
- Total income / additions
- $9,821,474
- Benefits paid
- $5,037,743
- Administrative expenses
- $134,893
- Total expenses
- $5,173,424
- Net increase / (decrease)
- $4,648,050
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Ftb Advisors Inc | ADVISOR | $84,245 | not reported in the loaded dataset |
| Fidelity Inv. Institutional Op. Co | RECORDKEEPER | $27,676 | not reported in the loaded dataset |
| Futureplan By Ascensus | TPA | $19,000 | $0 |