Plan Snapshot
- Plan Sponsor: First Community Bank Of Tennessee
- Sponsor EIN: 621333150
- Sponsor Address: 207 ELM STREET, SHELBYVILLE, TN, 371602813
- Plan Type: 401(k)
- Total Participants: 481
- Total Assets: $32.4M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 481 | $32.4M | $1.6M | $2.8M |
| 2023 | 465 | $27.1M | $1.6M | $2.6M |
| 2022 | 421 | $22.5M | $531,023 | $2.3M |
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 |
|---|---|---|---|---|
| FIRST HORIZON ADVISORS INC | ADVISOR | $101,346 | — | $101,346 |
| FIDELITY INV. INSTITUTIONAL OP. CO | RECORDKEEPER | $32,539 | — | $32,539 |
| FUTUREPLAN BY ASCENSUS | TPA | $15,990 | — | $15,990 |
| WINNETT ASSOCIATES, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INV. INSTITUTIONAL OP. CO — RECORDKEEPER
- FUTUREPLAN BY ASCENSUS — TPA
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $149,875
- Estimated Expense Ratio: 0.462% 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 | $157,406 | — | $157,406 | — | — |
| 2023 | $134,893 | — | — | — | — |
| 2022 | $116,462 | — | — | — | — |