Community Financial Services Bank 401(K) Plan — Form 5500 plan (Community Financial Services, Inc.)
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, Community Financial Services Bank 401(K) Plan is a benefit plan reported by Community Financial Services, Inc. under EIN 61-1016269 and plan number 002. The latest loaded filing year is 2023. The filing reports 260 participants and $1,637,114 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Community Financial Services, Inc.
- EIN
- 61-1016269
- Plan number
- 002
- Plan type
- 2
- Location
- Benton, KY
- Latest filing year
- 2023
- Participants
- 260
- End-of-year plan assets
- $1,637,114
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 260 | H, C | 20240730104318NAL0020562337001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $1,637,114
- Total liabilities (EOY)
- $5,380
- Net assets (EOY)
- $1,631,734
- Net assets (BOY)
- $459,983
Income & contributions
- Employer contributions
- $303,559
- Participant contributions
- $607,709
- Total contributions
- $1,072,959
- Total income / additions
- $1,238,606
Expenses & distributions
- Benefits paid
- $58,491
- Administrative expenses
- $2,984
- Total expenses
- $66,855
- Net increase / (decrease)
- $1,171,751
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Retirement Management Services, LLC | CONTRACT ADMIN | $1,250 | $0 | 2023 |
| Empower Annuity Ins Co Of America | RECORDKEEPER | $1,085 | $0 | 2023 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $649 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Community Financial Services, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in KY
- 401(k) and benefit plan filings in Benton, KY
- Retirement Management Services, LLC — Schedule C compensation
- Empower Annuity Ins Co Of America — Schedule C compensation
- Empower Advisory Group, LLC — Schedule C compensation