Who sponsors the First Gilmer Bankshares Employee Savings Plan?

First Gilmer Bankshares Employee Savings Plan is reported as sponsored by First National Bank Of Gilmer (EIN 75-0291493, plan number 001) in public Form 5500 filings.

What is the most recent Form 5500 filing year for First Gilmer Bankshares Employee Savings Plan?

The latest Form 5500 filing year loaded for First Gilmer Bankshares Employee Savings Plan is 2023.

How many participants does First Gilmer Bankshares Employee Savings Plan report?

First Gilmer Bankshares Employee Savings Plan reports 192 participants in its latest loaded Form 5500 filing.

What are the reported plan assets for First Gilmer Bankshares Employee Savings Plan?

First Gilmer Bankshares Employee Savings Plan reports $11,026,557 in end-of-year plan assets in its latest loaded Form 5500 filing.

First Gilmer Bankshares Employee Savings Plan — Form 5500 plan (First National Bank Of Gilmer)

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 Gilmer Bankshares Employee Savings Plan is a benefit plan reported by First National Bank Of Gilmer under EIN 75-0291493 and plan number 001. The latest loaded filing year is 2023. The filing reports 192 participants and $11,026,557 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$11MPlan net assets, end of year$11,024,967

Participants192Covered participants reported

Assets / participant$57.4KComputed: assets ÷ participants$57,430 (computed)

Provider compensation$35.4K4 Schedule C provider row(s)$35,415

Plan sponsor: First National Bank Of Gilmer
EIN: 75-0291493
Plan number: 001
Plan type: 2
Location: Gilmer, TX
Latest filing year: 2023

Form 5500 filing history

Filings loaded for this plan
Filing year	Participants	Schedules	Filing
2023	192	H, C	20240927123701NAL0003681152001

Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$11M total assets

Net assets$11MLiabilities$1.6K

Money in vs. money out

Total income / additions$2.3M

Total expenses$502.6K

Benefits paid / distributions$443.5K

Contributions

Employer$611.3K

Participant$433.2K

Full reported line items

Net assets

Total assets (EOY): $11,026,557
Total liabilities (EOY): $1,590
Net assets (EOY): $11,024,967
Net assets (BOY): $9,274,558

Income & contributions

Employer contributions: $611,326
Participant contributions: $433,227
Total contributions: $1,055,987
Total income / additions: $2,252,963

Expenses & distributions

Benefits paid: $443,492
Administrative expenses: $53,712
Total expenses: $502,554
Net increase / (decrease): $1,750,409

Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)

59%41%

Employer 59%Participant 41%

Total expenses ÷ net assets5%Computed ratio

Benefits paid ÷ total income20%Computed ratio

Provider comp. ÷ net assets0%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
Provider	Service	Direct comp.	Indirect comp.	Year
Merrill Lynch Pierce Fenner & Smith	INVESTMENT ADVISOR	$24,215	not reported in the loaded dataset	2023
Alliance Benefit Group Of Houston	CONTRACT ADMIN	$4,581	$4,785	2023
Empower Annuity Insurance Company	RECORDKEEPER	$1,310	$0	2023
Empower Annuity Insurance Company	INVESTMENT MGMT	$524	not reported in the loaded dataset	2023