Plan Snapshot
- Plan Sponsor: First Federal Bank
- Sponsor EIN: 590969721
- Sponsor Address: PO BOX 2029, LAKE CITY, FL, 32056
- Plan Type: 401(k)
- Total Participants: 560
- Total Assets: $92.9M
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 | 560 | $92.9M | $3.4M | $4.1M |
| 2023 | 589 | $84.8M | $3.4M | $3.9M |
| 2022 | 652 | $72.9M | $3.8M | $4.6M |
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 |
|---|---|---|---|---|
| HACKER, JOHNSON & SMITH, PA | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HACKER, JOHNSON & SMITH, PA — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $414,455 | $323,003 | $45,407 | — | — |
| 2023 | $373,942 | $281,413 | $45,067 | — | — |
| 2022 | $377,215 | $284,498 | $81,717 | — | $11,000 |