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

> First National Bank Of Gilmer's 401(k) plan: 136 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 Gilmer

- **Sponsor EIN:** 750291493

- **Sponsor Address:** 206 US HWY 271 NORTH, GILMER, TX, 75644

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

- **Total Participants:** 136

- **Total Assets:** $12.3M

## 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|136|$12.3M|$649,564|$473,897|

| 2023|132|$11.0M|$611,326|$433,227|

| 2022|115|$9.3M|$525,800|$385,816|

## 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|

| MERRILL LYNCH PIERCE FENNER & SMITH|INVESTMENT ADVISOR|$29,244|—|$29,244|

| ALLIANCE BENEFIT GROUP OF HOUSTON|CONTRACT ADMIN|$3,610|$5,619|$9,229|

| HENRY & PETERS, P.C.|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [HENRY & PETERS, P.C.](https://planprovider.pro/provider/henry-and-peters-pc) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $38,473

- **Estimated Expense Ratio:** 0.312% 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|$63,893|$30,710|$28,017|—|—|

| 2023|$53,712|$24,739|$23,489|—|—|

| 2022|$40,492|—|$39,142|—|—|

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

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