# First State Bank 401(k) Plan
Source: https://planprovider.pro/companies/first-state-bank-401k-plan-001-0395

> First State Bank&#39;s 401(k) plan: 30 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** First State Bank

- **Sponsor EIN:** 850090395

- **Sponsor Address:** 103 MANZANARES AVENUE, SOCORRO, NM, 87801

- **Plan Type:** 401(k)

- **Total Participants:** 30

- **Total Assets:** $3.2M

## 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.|

| 2024|30|$3.2M|$21,929|$115,653|

| 2023|31|$2.9M|$20,669|$111,600|

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