2023 Form 5500 filing — First Bank Of Clewiston Esop &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 20241114144304NAL0010780067001) for First Bank Of Clewiston Esop &401(K) Profit Sharing Plan, reported by First Bank Of Clewiston under EIN 59-0242465 and plan number 002. It reports 135 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241114144304NAL0010780067001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- First Bank Of Clewiston
- EIN
- 59-0242465
- Plan number
- 002
- Location
- Clewiston, FL
- Participants
- 135
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $10,140,937
- Total liabilities (EOY)
- $200,940
- Net assets (EOY)
- $9,939,997
- Employer contributions
- $433,293
- Participant contributions
- $288,850
- Total income / additions
- $1,775,545
- Benefits paid
- $903,513
- Administrative expenses
- $21,952
- Total expenses
- $942,855
- Net increase / (decrease)
- $832,690
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Mma Securities LLC | INVESTMENT ADVISORY | $11,765 | $5 |
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $10,184 | $0 |