Flanagan State Bank Profit Sharing Plan & Trust — Form 5500 plan (Flanagan State Bank)
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, Flanagan State Bank Profit Sharing Plan & Trust is a benefit plan reported by Flanagan State Bank under EIN 37-0276830 and plan number 002. The latest loaded filing year is 2023. The filing reports 181 participants and $14,073,906 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$14.1MPlan net assets, end of year$14,073,906
Participants181Covered participants reported
Assets / participant$77.8KComputed: assets ÷ participants$77,756 (computed)
Provider compensation$44.2K2 Schedule C provider row(s)$44,223
- Plan sponsor
- Flanagan State Bank
- EIN
- 37-0276830
- Plan number
- 002
- Plan type
- 2
- Location
- Flanagan, IL
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 181 | H, C | 20241011105517NAL0022615153001 |
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)$14.1M total assets
Net assets$14.1MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $14,073,906
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $14,073,906
- Net assets (BOY)
- $11,915,828
Income & contributions
- Employer contributions
- $302,947
- Participant contributions
- $594,649
- Total contributions
- $947,890
- Total income / additions
- $3,272,066
Expenses & distributions
- Benefits paid
- $1,070,219
- Administrative expenses
- $43,769
- Total expenses
- $1,113,988
- Net increase / (decrease)
- $2,158,078
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.
34%66%
Employer 34%Participant 66%
Total expenses ÷ net assets8%Computed ratio
Benefits paid ÷ total income33%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| North Star Investment Management | FINANCIAL ADVISOR | $26,500 | not reported in the loaded dataset | 2023 |
| Employee Fiduciary, LLC | RECORDKEEPER | $17,269 | $454 | 2023 |