Plan5500

First American Bank Corporation Profit Sharing Plan — Form 5500 plan (First American Bank Corporation)

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 American Bank Corporation Profit Sharing Plan is a benefit plan reported by First American Bank Corporation under EIN 36-2782306 and plan number 001. The latest loaded filing year is 2023. The filing reports 1,109 participants and $172,292,676 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
First American Bank Corporation
EIN
36-2782306
Plan number
001
Plan type
2
Location
Elk Grove Village, IL
Latest filing year
2023
Participants
1,109
End-of-year plan assets
$172,292,676

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
20231,109H, C20240927160847NAL0001181987001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$172,292,676
Total liabilities (EOY)
$17,877
Net assets (EOY)
$172,274,799
Net assets (BOY)
$145,969,939

Income & contributions

Employer contributions
$1,948,778
Participant contributions
$6,240,980
Total contributions
$8,665,772
Total income / additions
$35,035,206

Expenses & distributions

Benefits paid
$8,722,810
Administrative expenses
$7,536
Total expenses
$8,730,346
Net increase / (decrease)
$26,304,860

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
First American BankDIVISION OF SPONSOR$7,536$02023

Related Form 5500 pages