Plan5500

First National Bank Of Michigan 401k Plan — Form 5500 plan (First National Bancorp, Inc.)

Plain-English plan 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, First National Bank Of Michigan 401k Plan is a benefit plan reported by First National Bancorp, Inc. under EIN 20-4047328 and plan number 001. The latest loaded filing year is 2023. The filing reports 98 participants and $9,031,244 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$9MPlan net assets, end of year$9,031,244
Participants98Covered participants reported
Assets / participant$92.2KComputed: assets ÷ participants$92,156 (computed)
Provider compensation$50.2K4 Schedule C provider row(s)$50,173
Plan sponsor
First National Bancorp, Inc.
EIN
20-4047328
Plan number
001
Plan type
2
Location
Kalamazoo, MI
Latest filing year
2023
How to read this plan profile
  • Net assets = total assets minus total liabilities, end of year (Schedule H/I).
  • Assets / participant is computed (assets ÷ reported participants) — a ratio, not a filed figure.
  • Schedule chips (Sch H / I / C) show which schedules each filing includes.
  • Fields a filing did not report are labeled not reported in the loaded dataset — never estimated.
  • Figures are reported as filed, in whole dollars; verify against the official DOL/EBSA record before relying on them.
EFAST2 filings

Form 5500 filing history

Each loaded annual filing for this plan. Open one for its full reported snapshot.

  1. 2023
    98 participants · 2Sch HSch C
    View filing →
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$9M total assets
Net assets$9MLiabilities$0
Money in vs. money out
Total income / additions$2.9M
Total expenses$917.6K
Benefits paid / distributions$866.1K
Contributions
Employer$332.1K
Participant$730.7K
Full reported line items

Net assets

Total assets (EOY)
$9,031,244
Total liabilities (EOY)
$0
Net assets (EOY)
$9,031,244
Net assets (BOY)
$7,022,627

Income & contributions

Employer contributions
$332,133
Participant contributions
$730,737
Total contributions
$1,658,898
Total income / additions
$2,926,180

Expenses & distributions

Benefits paid
$866,110
Administrative expenses
$51,453
Total expenses
$917,563
Net increase / (decrease)
$2,008,617
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 31%Participant 69%
Total expenses ÷ net assets10%Computed ratio
Benefits paid ÷ total income30%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Schedule C

Service provider compensation

Reported direct + indirect compensation per provider, ranked. Bars show relative scale.

  1. 1
    John Hancock Usa$19.2K
    RECORDKEEPER · Direct $19.2K · Indirect $0
  2. 2
    Sanford Advisory Services$18.3K
    INVESTMENT ADVISORY · Direct $18.3K · Indirect $0
  3. 3
    Seber Tans LLC$12.5K
    AUDITOR · Direct $12.5K
  4. 4
    Greenleaf Trust$180
    TRUSTEE · Direct $180

What to inspect next

Frequently asked questions

Who sponsors the First National Bank Of Michigan 401k Plan?
First National Bank Of Michigan 401k Plan is reported as sponsored by First National Bancorp, Inc. (EIN 20-4047328, plan number 001) in public Form 5500 filings.
What is the most recent Form 5500 filing year for First National Bank Of Michigan 401k Plan?
The latest Form 5500 filing year loaded for First National Bank Of Michigan 401k Plan is 2023.
How many participants does First National Bank Of Michigan 401k Plan report?
First National Bank Of Michigan 401k Plan reports 98 participants in its latest loaded Form 5500 filing.
What are the reported plan assets for First National Bank Of Michigan 401k Plan?
First National Bank Of Michigan 401k Plan reports $9,031,244 in end-of-year plan assets in its latest loaded Form 5500 filing.
Form 5500 terms, in plain English
Form 5500
The annual report most U.S. employee benefit plans file with the Department of Labor through the EFAST2 system. It documents the plan sponsor, participants, finances, and service-provider compensation.
Schedule H
The financial statement for larger plans (generally 100+ participants): assets, liabilities, net assets, income, expenses, and the net change.
Schedule I
The condensed financial statement for smaller plans, covering the same kinds of figures in less detail.
Schedule C
Reports compensation paid to the plan’s service providers — both direct and indirect.
Net assets
Total assets minus total liabilities at the end of the year — what the plan holds for participants.
Employer / participant contributions
Money contributed to the plan by the employer and by participants during the year.

Figures are reported as filed and may contain errors or omissions. Verify against the official DOL/EBSA record before relying on any value.

Related Form 5500 pages