First American Bank 401(K) Employee Stock Ownership Plan — Form 5500 plan (First American 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 American Bank 401(K) Employee Stock Ownership Plan is a benefit plan reported by First American Bank under EIN 85-0020635 and plan number 002. The latest loaded filing year is 2023. The filing reports 415 participants and $73,866,570 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- First American Bank
- EIN
- 85-0020635
- Plan number
- 002
- Plan type
- 2
- Location
- Artesia, NM
- Latest filing year
- 2023
- Participants
- 415
- End-of-year plan assets
- $73,866,570
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 415 | H | 20241011153925NAL0023135057001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $73,866,570
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $73,866,570
- Net assets (BOY)
- $66,928,479
Income & contributions
- Employer contributions
- $482,921
- Participant contributions
- $991,198
- Total contributions
- $1,509,666
- Total income / additions
- $10,279,827
Expenses & distributions
- Benefits paid
- $3,337,532
- Administrative expenses
- $4,204
- Total expenses
- $3,341,736
- Net increase / (decrease)
- $6,938,091
Service provider compensation (Schedule C)
No Schedule C service provider compensation is loaded for this plan yet.