Plan Snapshot
- Plan Sponsor: First National Bancorp, INC.
- Sponsor EIN: 204047328
- Sponsor Address: 348 WEST MICHIGAN AVENUE, KALAMAZOO, MI, 49007
- Plan Type: 401(k)
- Total Participants: 98
- Total Assets: $9.6M
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 | 98 | $9.6M | $307,827 | $683,209 |
| 2023 | 110 | $9.0M | $332,133 | $730,737 |
| 2022 | 94 | $7.0M | $321,654 | $714,820 |
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 |
|---|---|---|---|---|
| SEBER TANS, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SEBER TANS, LLC — 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 | $40,179 | $38,049 | — | — | — |
| 2023 | $51,453 | $18,305 | $19,188 | $12,500 | — |
| 2022 | $52,994 | $28,767 | $21,907 | — | — |