Plan Snapshot
- Plan Sponsor: First Bank
- Sponsor EIN: 640226300
- Sponsor Address: POST OFFICE BOX 808, MCCOMB, MS, 396490808
- Plan Type: 401(k)
- Total Participants: 95
- Total Assets: $16.4M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 95 | $16.4M | $309,475 | $319,539 |
| 2023 | 105 | $14.0M | $264,108 | $313,039 |
| 2022 | 100 | $13.8M | $277,100 | $323,019 |
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 |
|---|---|---|---|---|
| T. E LOTT & COMPANY | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $103,530 | — | — | — | — |
| 2023 | $32,644 | — | — | — | — |
| 2022 | $25,548 | — | — | — | — |