Who sponsors the First Resource Bank 401(K) Profit Sharing Plan?

First Resource Bank 401(K) Profit Sharing Plan is reported as sponsored by First Resource Bank (EIN 39-0585074, plan number 003) in public Form 5500 filings.

What is the most recent Form 5500 filing year for First Resource Bank 401(K) Profit Sharing Plan?

The latest Form 5500 filing year loaded for First Resource Bank 401(K) Profit Sharing Plan is 2023.

How many participants does First Resource Bank 401(K) Profit Sharing Plan report?

First Resource Bank 401(K) Profit Sharing Plan reports 83 participants in its latest loaded Form 5500 filing.

What are the reported plan assets for First Resource Bank 401(K) Profit Sharing Plan?

First Resource Bank 401(K) Profit Sharing Plan reports $9,529,358 in end-of-year plan assets in its latest loaded Form 5500 filing.

First Resource Bank 401(K) Profit Sharing Plan — Form 5500 plan (First Resource 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, First Resource Bank 401(K) Profit Sharing Plan is a benefit plan reported by First Resource Bank under EIN 39-0585074 and plan number 003. The latest loaded filing year is 2023. The filing reports 83 participants and $9,529,358 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$9.5MPlan net assets, end of year$9,529,358

Participants83Covered participants reported

Assets / participant$114.8KComputed: assets ÷ participants$114,812 (computed)

Provider compensation$31.4K1 Schedule C provider row(s)$31,425

Plan sponsor: First Resource Bank
EIN: 39-0585074
Plan number: 003
Plan type: 2
Location: Stillwater, MN
Latest filing year: 2023

Form 5500 filing history

Filings loaded for this plan
Filing year	Participants	Schedules	Filing
2023	83	I, C	20240926130448NAL0001564898001

Schedule I · 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)$9.5M total assets

Net assets$9.5MLiabilities$0

Money in vs. money out

Total income / additions$2M

Total expenses$241.1K

Benefits paid / distributions$204.1K

Contributions

Employer$192.3K

Participant$455.7K

Full reported line items

Net assets

Total assets (EOY): $9,529,358
Total liabilities (EOY): $0
Net assets (EOY): $9,529,358
Net assets (BOY): $7,812,246

Income & contributions

Employer contributions: $192,312
Participant contributions: $455,719
Total income / additions: $1,958,176

Expenses & distributions

Benefits paid: $204,063
Administrative expenses: $37,001
Total expenses: $241,064
Net increase / (decrease): $1,717,112

Service provider compensation (Schedule C)

Reported service provider compensation
Provider	Service	Direct comp.	Indirect comp.	Year
John Hancock Life Insurance Co (Usa	RECORDKEEPER/ CUSTODIAN	$31,425	$0	2023