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

> First National Bank Of St. Ignace's 401(k) plan: 49 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 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|

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