# First National Bancorp, INC. 401(k) Plan
Source: https://planprovider.pro/companies/first-national-bancorp-inc-401k-plan-001

> First National Bancorp, INC.&#39;s 401(k) plan: 98 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/seber-tans-plc) — 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|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/first-national-bancorp-inc-401k-plan-001)

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