First International Bank & Trust 401(K) Profit Sharing Plan — Form 5500 plan (First International Bank & Trust)
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 International Bank & Trust 401(K) Profit Sharing Plan is a benefit plan reported by First International Bank & Trust under EIN 45-0134280 and plan number 003. The latest loaded filing year is 2023. The filing reports 950 participants and $88,112,648 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- First International Bank & Trust
- EIN
- 45-0134280
- Plan number
- 003
- Plan type
- 2
- Location
- Watford City, ND
- Latest filing year
- 2023
- Participants
- 950
- End-of-year plan assets
- $88,112,648
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 950 | H, C | 20241015090510NAL0048591328001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $88,112,648
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $88,112,648
- Net assets (BOY)
- $72,768,085
Income & contributions
- Employer contributions
- $2,724,392
- Participant contributions
- $5,378,529
- Total contributions
- $9,320,846
- Total income / additions
- $24,825,660
Expenses & distributions
- Benefits paid
- $9,442,335
- Administrative expenses
- $38,762
- Total expenses
- $9,481,097
- Net increase / (decrease)
- $15,344,563
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Annuity Insurance Company O | RECORDKEEPER | $9,264 | $0 | 2023 |
| Newedge Securities, Inc. | RECORDKEEPING | $6,899 | not reported in the loaded dataset | 2023 |
| First International Bank & Trust | OTHER | $6,484 | not reported in the loaded dataset | 2023 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $465 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for First International Bank & Trust
- 2023 Form 5500 filing
- Form 5500 filings in ND
- 401(k) and benefit plan filings in Watford City, ND
- Empower Annuity Insurance Company O — Schedule C compensation
- Newedge Securities, Inc. — Schedule C compensation
- First International Bank & Trust — Schedule C compensation
- Empower Advisory Group, LLC — Schedule C compensation