Plan Snapshot
- Plan Sponsor: 1st United Bank
- Sponsor EIN: 410246205
- Sponsor Address: 430 4TH ST. NW, FARIBAULT, MN, 55021
- Plan Type: 401(k)
- Total Participants: 19
- Total Assets: $3.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|
| 2024 | 19 | $3.3M | $38,710 | $96,814 |
| 2023 | 23 | $3.1M | $36,327 | $97,507 |
| 2022 | 19 | $2.7M | $34,453 | $94,117 |