Plan Snapshot
- Plan Sponsor: First Security Bank
- Sponsor EIN: 640322079
- Sponsor Address: 295 HIGHWAY 6 WEST, BATESVILLE, MS, 38606
- Plan Type: 401(k)
- Total Participants: 189
- Total Assets: $21.6M
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 | 189 | $21.6M | $540,898 | $617,065 |
| 2023 | 194 | $20.7M | $507,666 | $559,968 |
| 2022 | 192 | $17.3M | $471,347 | $539,059 |
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 |
|---|---|---|---|---|
| REYNOLDS BONE & GRIESBECK PLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- REYNOLDS BONE & GRIESBECK PLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $49,922 | $37,870 | — | — | — |
| 2023 | $44,791 | $32,485 | — | — | — |
| 2022 | $43,878 | — | — | — | — |