# First Federal Savings Bank Of Lincolnton 401(k) Plan
Source: https://planprovider.pro/companies/first-federal-savings-bank-of-lincolnton-401k-plan

> First Federal Savings Bank Of Lincolnton's 401(k) plan: 49 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** First Federal Savings Bank Of Lincolnton

- **Sponsor EIN:** 560499280

- **Sponsor Address:** 320 E MAIN STREET, LINCOLNTON, NC, 280923398

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

- **Total Participants:** 49

- **Total Assets:** $9.7M

## 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:** Yes

## Plan Financials by Year

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

| 2024|49|$9.7M|$200,396|$287,970|

| 2023|45|$8.6M|$174,836|$273,912|

| 2022|43|$8.5M|$514,023|$251,100|

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