1st Financial Bank Usa Profit Sharing Plan & Trust — Form 5500 plan (1st Financial Bank Usa)
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, 1st Financial Bank Usa Profit Sharing Plan & Trust is a benefit plan reported by 1st Financial Bank Usa under EIN 46-0133740 and plan number 001. The latest loaded filing year is 2023. The filing reports 340 participants and $57,676,875 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- 1st Financial Bank Usa
- EIN
- 46-0133740
- Plan number
- 001
- Plan type
- 2
- Location
- Dakota Dunes, SD
- Latest filing year
- 2023
- Participants
- 340
- End-of-year plan assets
- $57,676,875
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 340 | H, C | 20240718134109NAL0012392770001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $57,676,875
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $57,676,875
- Net assets (BOY)
- $51,561,817
Income & contributions
- Employer contributions
- $339,142
- Participant contributions
- $2,284,913
- Total contributions
- $2,944,692
- Total income / additions
- $11,366,680
Expenses & distributions
- Benefits paid
- $5,239,379
- Administrative expenses
- $12,243
- Total expenses
- $5,251,622
- Net increase / (decrease)
- $6,115,058
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $12,296 | $0 | 2023 |