Plan Snapshot
- Plan Sponsor: First Pioneer Bank Corp.
- Sponsor EIN: 840899000
- Sponsor Address: 200 CLAYTON ST, BRUSH, CO, 807232104
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 62
- Total Assets: $13.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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. |
|---|---|---|---|---|
| 2025 | 62 | $13.5M | $0 | $0 |
| 2024 | 47 | $12.0M | $244,469 | $303,196 |
| 2023 | 45 | $10.0M | $217,927 | $272,611 |
| 2022 | 36 | $8.5M | $216,445 | $289,575 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $61,181 | — | $61,181 |
| THE AMERIFLEX GROUP | Investment Advisor | — | $8,033 | $8,033 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $69,214
- Estimated Expense Ratio: 0.514% 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 |
|---|---|---|---|---|---|
| 2025 | $1,042,814 | — | $61,181 | — | — |
| 2024 | $53,963 | — | $53,963 | — | — |
| 2023 | $43,891 | — | $43,891 | — | — |
| 2022 | $45,643 | — | $45,643 | — | — |