# First American Bank Corporation DC Plan
Source: https://planprovider.pro/companies/first-american-bank-corporation-plan

> First American Bank Corporation's DC plan: 795 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** First American Bank Corporation

- **Sponsor EIN:** 362782306

- **Sponsor Address:** 700 BUSSE ROAD, ELK GROVE VILLAGE, IL, 600072137

- **Plan Type:** DC

- **Total Participants:** 795

- **Total Assets:** $89.5M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|795|$89.5M|$3.3M|$0|

| 2023|763|$67.8M|$3.1M|$0|

| 2022|716|$51.1M|$2.9M|$0|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| FIRST AMERICAN BANK|DIVISION OF SPONSOR|$5,185|—|$5,185|

| LEGACY PROFESSIONALS LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [LEGACY PROFESSIONALS LLP](https://planprovider.pro/provider/legacy-professionals-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $5,185

- **Estimated Expense Ratio:** 0.006% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$5,185|—|—|—|—|

| 2023|$7,565|$7,565|—|—|—|

| 2022|$5,865|$5,865|—|—|—|

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