Plan Snapshot
- Plan Sponsor: First Paragould Bankshares, INC
- Sponsor EIN: 621199969
- Sponsor Address: 200 W. COURT STREET, PARAGOULD, AR, 72450
- Plan Type: 401(k)
- Total Participants: 279
- Total Assets: $28.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 279 | $28.5M | $732,007 | $1.1M |
| 2023 | 280 | $25.1M | $738,414 | $1.2M |
| 2022 | 278 | $21.4M | $698,958 | $1.1M |
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 |
|---|---|---|---|---|
| STEPHENS | NONE | $83,918 | — | $83,918 |
| CPI QUALIFIED PLAN CONSULTANTS, INC | NONE | $29,718 | — | $29,718 |
| HCJ CPAS & ADVISORS, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STEPHENS — NONE
- CPI QUALIFIED PLAN CONSULTANTS, INC — NONE
- HCJ CPAS & ADVISORS, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $113,636
- Estimated Expense Ratio: 0.398% 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 | $113,636 | $83,918 | $10,537 | — | — |
| 2023 | $101,281 | $74,556 | $9,684 | — | — |
| 2022 | $75,507 | $73,307 | $2,200 | — | — |