Plan Snapshot
- Plan Sponsor: First National Bank Of St. Ignace
- Sponsor EIN: 380996926
- Sponsor Address: PO BOX 187, ST. IGNACE, MI, 49781
- Plan Type: 401(k)
- Total Participants: 49
- Total Assets: $4.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 49 | $4.0M | $204,780 | $285,261 |
| 2023 | 44 | $3.2M | $212,850 | $137,597 |
| 2022 | 58 | $3.8M | $155,260 | $147,332 |