Plan Snapshot
- Plan Sponsor: First Co Bancorp, INC.
- Sponsor EIN: 371252711
- Sponsor Address: 800 BELTLINE ROAD, COLLINSVILLE, IL, 62234
- Plan Type: 401(k)
- Total Participants: 333
- Total Assets: $40.2M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 333 | $40.2M | $443,790 | $1.7M |
| 2023 | 339 | $34.7M | $458,226 | $1.5M |
| 2022 | 329 | $30.8M | $465,478 | $1.5M |
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 |
|---|---|---|---|---|
| SCHEFFEL BOYLE CPA | 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 | $66,893 | $60,742 | — | — | — |
| 2023 | $66,087 | $63,568 | — | — | — |
| 2022 | $67,370 | — | $67,370 | — | — |