First Western Bank & Trust 401(K) — Form 5500 plan (First Western 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 Western Bank & Trust 401(K) is a benefit plan reported by First Western Bank & Trust under EIN 45-0279825 and plan number 002. The latest loaded filing year is 2023. The filing reports 422 participants and $40,250,688 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- First Western Bank & Trust
- EIN
- 45-0279825
- Plan number
- 002
- Plan type
- 2
- Location
- Minot, ND
- Latest filing year
- 2023
- Participants
- 422
- End-of-year plan assets
- $40,250,688
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 422 | H, C | 20241015140502NAL0029907217004 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $40,250,688
- Net assets (EOY)
- $40,250,688
- Net assets (BOY)
- $32,842,128
Income & contributions
- Employer contributions
- $1,308,285
- Participant contributions
- $2,347,073
- Total contributions
- $4,616,058
- Total income / additions
- $10,108,152
Expenses & distributions
- Benefits paid
- $2,670,896
- Administrative expenses
- $28,696
- Total expenses
- $2,699,592
- Net increase / (decrease)
- $7,408,560
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Epic Retirement Plan Services | RECORDKEEPER | $28,696 | $0 | 2023 |