First State Bank 401(k) Plan

Form 5500 filing data for plan year 2024.

Plan Snapshot

  • Plan Sponsor: First State Bank
  • Sponsor EIN: 751880332
  • Sponsor Address: 1526 4TH STREET, GRAHAM, TX, 76450
  • Plan Type: 401(k)
  • Total Participants: 40
  • Total Assets: $1.7M

Key Plan Design Features

  • Auto-Enrollment: Yes
  • Auto-Escalation: No
  • Allows Roth Contributions: No
  • Participant Loans: Yes
  • Participant-Directed Investments: Yes
  • ERISA Section 404(c) Fiduciary Safe Harbor: Yes

Plan Financials by Year

YearParticipantsTotal AssetsEmployer Contrib.Employee Contrib.
202440$1.7M$74,473$206,437
202328$1.3M$0$165,811
202232$1.8M$0$203,892

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