# First Bank 401(k) Plan
Source: https://planprovider.pro/companies/first-bank-401k-plan-002-4917

> First Bank's 401(k) plan: 167 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** First Bank

- **Sponsor EIN:** 750164917

- **Sponsor Address:** 300 E THIRD STREET, BURKBURNETT, TX, 76354

- **Plan Type:** 401(k)

- **Total Participants:** 167

- **Total Assets:** $24.7M

## 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.|

| 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|TRUSTEE|$92,033|—|$92,033|

| MWH GROUP, P.C.|Auditor|—|—|$0|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $92,033

- **Estimated Expense Ratio:** 0.372% 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|$92,032|$11,463|—|—|—|

| 2023|$76,821|$10,052|—|—|—|

| 2022|$80,004|—|—|—|$80,004|

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