# First Farmers Financial Corp. 401(k) Plan
Source: https://planprovider.pro/companies/first-farmers-financial-corp-401k-plan

> First Farmers Financial Corp.'s 401(k) plan: 351 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** First Farmers Financial Corp.

- **Sponsor EIN:** 311248326

- **Sponsor Address:** PO BOX 690, CONVERSE, IN, 469190690

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

- **Total Participants:** 351

- **Total Assets:** $40.2M

## 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:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|351|$40.2M|$1.4M|$1.7M|

| 2023|348|$38.2M|$1.3M|$1.6M|

| 2022|335|$34.4M|$1.3M|$1.6M|

## 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|

| NORTHWEST BANK|TRUSTEE|$57,053|—|$57,053|

| EMPOWER ANNUITY INSURANCE COMPANY|RECORDKEEPER|$37,332|—|$37,332|

| RETIREMENT PLAN CONCEPTS & SERVICES|CONTRACT ADMIN|$19,373|$10,000|$29,373|

| FORVIS MAZARS, LLP|AUDITOR|$18,200|—|$18,200|

| EMPOWER ADVISORY GROUP, LLC|INVESTMENT MANAGER|$12,080|—|$12,080|

| ASCIB LP|OTHER|$11,000|—|$11,000|

### Verified Provider Profiles

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

- [FORVIS MAZARS, LLP](https://planprovider.pro/provider/forvis-mazars-llp) — AUDITOR

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $165,038

- **Estimated Expense Ratio:** 0.411% 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|$155,038|$155,038|—|—|—|

| 2023|$134,981|$134,981|—|—|—|

| 2022|$134,573|—|—|—|$134,573|

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