# First Community Bankshares, INC. 401(k) Plan
Source: https://planprovider.pro/companies/first-community-bankshares-inc-401k-plan

> First Community Bankshares, INC.'s 401(k) plan: 596 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** First Community Bankshares, INC.

- **Sponsor EIN:** 550694814

- **Sponsor Address:** PO BOX 989, BLUEFIELD, VA, 246050989

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

- **Total Participants:** 596

- **Total Assets:** $80.7M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** Yes

- **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|596|$80.7M|$1.7M|$2.3M|

| 2023|632|$74.5M|$1.6M|$2.2M|

| 2022|653|$68.1M|$2.4M|$1.9M|

## 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|

| PRINCIPAL LIFE INSURANCE COMPANY|CONTRACT ADMINISTRATOR|$115,405|—|$115,405|

| FUND DIRECT ADVISORS INC.|INVESTMENT ADVISORY|$61,286|—|$61,286|

| CROWE LLP|Auditor|—|—|$0|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $176,691

- **Estimated Expense Ratio:** 0.219% 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|$191,252|$75,595|$115,657|—|—|

| 2023|$160,067|$46,985|$113,082|—|—|

| 2022|$150,363|—|$150,363|—|—|

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