First Community Bank 401(K) Plan — Form 5500 plan (First Community 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 Community Bank 401(K) Plan is a benefit plan reported by First Community Bank under EIN 74-2058750 and plan number 002. The latest loaded filing year is 2023. The filing reports 123 participants and $7,632,796 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- First Community Bank
- EIN
- 74-2058750
- Plan number
- 002
- Plan type
- 2
- Location
- Harlingen, TX
- Latest filing year
- 2023
- Participants
- 123
- End-of-year plan assets
- $7,632,796
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 123 | H, C | 20240830051738NAL0008201987001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $7,632,796
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $7,632,796
- Net assets (BOY)
- $6,251,195
Income & contributions
- Employer contributions
- $409,262
- Participant contributions
- $523,477
- Total contributions
- $954,309
- Total income / additions
- $1,963,533
Expenses & distributions
- Benefits paid
- $535,632
- Administrative expenses
- $25,057
- Total expenses
- $581,932
- Net increase / (decrease)
- $1,381,601
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Adp, Inc. | RECORD KEEPER | $25,056 | $0 | 2023 |