# First Bank 401(k) Plan
Source: https://planprovider.pro/companies/first-bank-401k-plan-002-6300

> First Bank's 401(k) plan: 95 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:** 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|—|—|—|—|

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