Bayfirst National Bank 401(K) Plan — Form 5500 plan (Bayfirst National 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, Bayfirst National Bank 401(K) Plan is a benefit plan reported by Bayfirst National Bank under EIN 59-3526917 and plan number 001. The latest loaded filing year is 2023. The filing reports 719 participants and $17,353,143 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Bayfirst National Bank
- EIN
- 59-3526917
- Plan number
- 001
- Plan type
- 2
- Location
- St. Petersburg, FL
- Latest filing year
- 2023
- Participants
- 719
- End-of-year plan assets
- $17,353,143
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 719 | H, C | 20250417110029NAL0000479811001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $17,353,143
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $17,353,143
- Net assets (BOY)
- $17,213,792
Income & contributions
- Employer contributions
- $906,455
- Participant contributions
- $1,611,256
- Total contributions
- $3,132,774
- Total income / additions
- $5,206,167
Expenses & distributions
- Benefits paid
- $5,023,298
- Administrative expenses
- $43,518
- Total expenses
- $5,066,816
- Net increase / (decrease)
- $139,351
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $25,873 | $0 | 2023 |
| Kb Pension Services, Inc | TPA | $17,645 | $6,151 | 2023 |