Plan Snapshot
- Plan Sponsor: First Commonwealth Financial Corporation
- Sponsor EIN: 251428528
- Sponsor Address: 22 NORTH SIXTH STREET, INDIANA, PA, 157011802
- Plan Type: 401(k)
- Total Participants: 1,763
- Total Assets: $176.1M
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 | 1,763 | $176.1M | $3.4M | $8.3M |
| 2023 | 1,475 | $154.2M | $3.1M | $7.9M |
| 2022 | 1,445 | $127.5M | $2.8M | $7.2M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $126,764 | — | $126,764 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $69,752 | — | $69,752 |
| MERCER INVESTMENTS LLC | CONSULTANT | $40,000 | — | $40,000 |
| BAKER TILLY | ACCOUNTANT/AUDITOR | $15,550 | — | $15,550 |
| BAKER TILLY US LLP | Auditor | $15,550 | — | $15,550 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
- BAKER TILLY US LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $267,616
- Estimated Expense Ratio: 0.152% 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 | $252,066 | $69,752 | — | $15,550 | — |
| 2023 | $245,243 | $56,962 | — | $15,050 | — |
| 2022 | $243,087 | $48,548 | — | — | — |