Plan Snapshot
- Plan Sponsor: First Bank
- Sponsor EIN: 750164917
- Sponsor Address: 300 E THIRD STREET, BURKBURNETT, TX, 76354
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 0
- Total Assets: $0
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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. |
|---|---|---|---|---|
| 2025 | 0 | $0 | $0 | $0 |
| 2024 | 167 | $24.7M | $1.1M | $952,783 |
| 2023 | 170 | $20.7M | $1.1M | $924,646 |
| 2022 | 178 | $17.2M | $1.4M | $1.1M |
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 |
|---|---|---|---|---|
| BOKF, NA | Custodian / Trustee | $92,033 | — | $92,033 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $92,033
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 |
|---|---|---|---|---|---|
| 2025 | $1,724,148 | $8,830 | — | — | — |
| 2024 | $92,032 | $11,463 | — | — | — |
| 2023 | $76,821 | $10,052 | — | — | — |
| 2022 | $80,004 | — | — | — | $80,004 |