# First National Bank Of America 401(k) Plan
Source: https://planprovider.pro/companies/first-national-bank-of-america-401k-plan

> First National Bank Of America's 401(k) plan: 489 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 Bank Of America

- **Sponsor EIN:** 381470765

- **Sponsor Address:** 241 EAST SAGINAW, EAST LANSING, MI, 48823

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

- **Total Participants:** 489

- **Total Assets:** $54.2M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

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

| 2024|489|$54.2M|$2.3M|$2.2M|

| 2023|435|$47.0M|$2.2M|$2.0M|

| 2022|483|$40.7M|$822,980|$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|

| VOYA RETIREMENT INSURANCE & ANNUITY|SERVICE PROVIDER|$152,454|$257|$152,711|

| CHURCHILL PARTNERSHIP|SERVICE PROVIDER|—|$76,868|$76,868|

| MANER COSTERISAN|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [MANER COSTERISAN](https://planprovider.pro/provider/maner-costerisan-pc) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $229,579

- **Estimated Expense Ratio:** 0.424% 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|$152,455|—|$151,555|—|—|

| 2023|$91,177|$14,730|$75,547|—|—|

| 2022|$23,783|—|—|—|—|

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