# First Fed Bank 401(k) Plan
Source: https://planprovider.pro/companies/first-fed-bank-910369590-002

> First Fed Bank's 401(k) plan: 244 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** First Fed Bank

- **Sponsor EIN:** 910369590

- **Sponsor Address:** 105 WEST 8TH ST., PORT ANGELES, WA, 983626031

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

- **Plan Number:** 002

- **Total Participants:** 244

- **Total Assets:** $20.6M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **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|244|$20.6M|$528,203|$1.9M|

| 2023|272|$18.6M|$553,334|$1.9M|

| 2022|287|$15.1M|$614,621|$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|Recordkeeper|$72,461|—|$72,461|

| SCS|Investment Advisor|$23,431|$5|$23,436|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $95,897

- **Estimated Expense Ratio:** 0.465% 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|$95,892|$23,431|$72,461|—|—|

| 2023|$84,070|$19,968|$64,102|—|—|

| 2022|$81,937|$27,068|$54,869|—|—|

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