First Farmers Financial Corp. 401k Profit Sharing Plan — Form 5500 plan (First Farmers Financial Corp.)
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 Farmers Financial Corp. 401k Profit Sharing Plan is a benefit plan reported by First Farmers Financial Corp. under EIN 31-1248326 and plan number 002. The latest loaded filing year is 2023. The filing reports 424 participants and $38,214,741 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- First Farmers Financial Corp.
- EIN
- 31-1248326
- Plan number
- 002
- Plan type
- 2
- Location
- Converse, IN
- Latest filing year
- 2023
- Participants
- 424
- End-of-year plan assets
- $38,214,741
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 424 | H, C | 20241015084343NAL0029046529001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $38,214,741
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $38,214,741
- Net assets (BOY)
- $34,441,869
Income & contributions
- Employer contributions
- $1,349,683
- Participant contributions
- $1,615,240
- Total contributions
- $2,967,714
- Total income / additions
- $8,369,387
Expenses & distributions
- Benefits paid
- $4,461,534
- Administrative expenses
- $134,981
- Total expenses
- $4,596,515
- Net increase / (decrease)
- $3,772,872
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Northwest Bank | TRUSTEE | $51,787 | not reported in the loaded dataset | 2023 |
| Empower Annuity Insurance Company | RECORDKEEPER | $31,236 | $0 | 2023 |
| Retirement Plan Concepts & Services | CONTRACT ADMIN | $15,796 | $10,000 | 2023 |
| Forvis Mazars, Llp | AUDITOR | $16,500 | not reported in the loaded dataset | 2023 |
| Ascib Lp | OTHER | $11,000 | not reported in the loaded dataset | 2023 |
| Empower Advisory Group, LLC | INVESTMENT MANAGER | $8,662 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for First Farmers Financial Corp.
- 2023 Form 5500 filing
- Form 5500 filings in IN
- 401(k) and benefit plan filings in Converse, IN
- Northwest Bank — Schedule C compensation
- Empower Annuity Insurance Company — Schedule C compensation
- Retirement Plan Concepts & Services — Schedule C compensation
- Forvis Mazars, Llp — Schedule C compensation
- Ascib Lp — Schedule C compensation
- Empower Advisory Group, LLC — Schedule C compensation