# First State Bank 401(k) Plan
Source: https://planprovider.pro/companies/first-state-bank-401k-plan-001-4685

> First State Bank's 401(k) plan: 51 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:** 450134685

- **Sponsor Address:** 2500 32ND AVENUE S, GRAND FORKS, ND, 582016543

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

- **Total Participants:** 51

- **Total Assets:** $12.5M

## 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|51|$12.5M|$186,006|$388,319|

| 2023|48|$10.8M|$178,916|$389,046|

| 2022|48|$9.2M|$179,276|$388,548|

## Similar Plans

- [Gate City Bank](https://planprovider.pro/companies/gate-city-bank-401k-plan) — 803 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/first-state-bank-401k-plan-001-4685)

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