First Citizens National Bank Employee Stock Ownership Plan And Trust — Form 5500 plan (First Citizens 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, First Citizens National Bank Employee Stock Ownership Plan And Trust is a benefit plan reported by First Citizens National Bank under EIN 62-0201100 and plan number 002. The latest loaded filing year is 2023. The filing reports 437 participants and $35,627,155 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- First Citizens National Bank
- EIN
- 62-0201100
- Plan number
- 002
- Plan type
- 2
- Location
- Dyersburg, TN
- Latest filing year
- 2023
- Participants
- 437
- End-of-year plan assets
- $35,627,155
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 437 | H, C | 20241010122040NAL0035664448001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $35,627,155
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $35,627,155
- Net assets (BOY)
- $42,727,817
Income & contributions
- Employer contributions
- $1,552,961
- Total contributions
- $1,552,961
- Total income / additions
- -$3,228,740
Expenses & distributions
- Benefits paid
- $3,742,384
- Administrative expenses
- $129,538
- Total expenses
- $3,871,922
- Net increase / (decrease)
- -$7,100,662
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| First Citizens National Bank | TRUSTEE | $107,921 | not reported in the loaded dataset | 2023 |
| Principal | RECORD KEEPER/BOOK KEEPER | $21,617 | not reported in the loaded dataset | 2023 |