Plan Snapshot
- Plan Sponsor: First Bank Of Clewiston
- Sponsor EIN: 590242465
- Sponsor Address: 300 E SUGARLAND HWY, CLEWISTON, FL, 334403124
- Plan Type: 401(k)
- Total Participants: 102
- Total Assets: $11.3M
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 | 102 | $11.3M | $495,051 | $311,718 |
| 2023 | 106 | $10.1M | $433,293 | $288,850 |
| 2022 | 105 | $9.4M | $454,145 | $267,256 |
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 |
|---|---|---|---|---|
| MAULDIN & JENKINS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MAULDIN & JENKINS — Auditor
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 | $29,925 | $14,021 | $12,404 | — | — |
| 2023 | $21,952 | $11,767 | $10,185 | — | — |
| 2022 | $26,573 | $14,913 | $11,660 | — | — |