# First Commerce Bank 401(k) Plan
Source: https://planprovider.pro/companies/first-commerce-bank-401k-plan-001-8237

> First Commerce Bank&#39;s 401(k) plan: 140 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** First Commerce Bank

- **Sponsor EIN:** 203528237

- **Sponsor Address:** 105 RIVER AVE, LAKEWOOD, NJ, 08701

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

- **Total Participants:** 140

- **Total Assets:** $4.2M

## 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|140|$4.2M|$183,431|$576,864|

| 2023|141|$3.6M|$193,633|$526,186|

| 2022|129|$2.6M|$144,863|$467,946|

## 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|

| ADP, INC.|RECORD KEEPER|$24,712|—|$24,712|

| GLOBAL RETIREMENT PARTNERS|INVESTMENT/FINANCIAL ADVI|$18,035|—|$18,035|

| MAILLIE ACCOUNTANTS/ADVISORS|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [ADP, INC.](https://planprovider.pro/provider/adp-retirement-services) — RECORD KEEPER

- [GLOBAL RETIREMENT PARTNERS](https://planprovider.pro/provider/global-retirement-partners-llc) — INVESTMENT/FINANCIAL ADVI

- [MAILLIE ACCOUNTANTS/ADVISORS](https://planprovider.pro/provider/maillie-llp) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $42,747

- **Estimated Expense Ratio:** 1.006% 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|$42,749|$18,036|—|—|—|

| 2023|$33,601|$13,622|—|—|—|

| 2022|$29,306|—|—|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/first-commerce-bank-401k-plan-001-8237)

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