# First Exchange Bank 401(k) Plan
Source: https://planprovider.pro/companies/first-exchange-bank-401k-plan

> First Exchange Bank's 401(k) plan: 53 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** First Exchange Bank

- **Sponsor EIN:** 550170680

- **Sponsor Address:** 1 HERITAGE WAY, WHITE HALL, WV, 26554

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

- **Total Participants:** 53

- **Total Assets:** $7.8M

## 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|53|$7.8M|$136,886|$236,393|

| 2023|56|$7.3M|$148,870|$204,382|

| 2022|49|$7.3M|$121,850|$183,287|

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