# First State Bank 401(k) Plan
Source: https://planprovider.pro/companies/first-state-bank-401k-plan-001-8875

> First State Bank's 401(k) plan: 156 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:** 741258875

- **Sponsor Address:** PO BOX 5, LOUISE, TX, 77455

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

- **Total Participants:** 156

- **Total Assets:** $16.3M

## 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|156|$16.3M|$333,718|$588,301|

| 2023|143|$14.1M|$306,120|$596,312|

| 2022|134|$12.2M|$293,264|$564,374|

## 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|

| RAYMOND JAMES|INVESTMENT ADVISOR|$27,589|—|$27,589|

| EMPOWER ANNUITY INSURANCE COMPANY|RECORDKEEPER|$21,051|—|$21,051|

| NOVA 401(K) ASSOCIATES|CONTRACT ADMIN|$3,820|$10,000|$13,820|

| SEIDEL SCHROEDER|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [SEIDEL SCHROEDER](https://planprovider.pro/provider/seidel-schroeder) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $62,460

- **Estimated Expense Ratio:** 0.383% 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|

| 2024|$54,452|—|$54,452|—|—|

| 2023|$48,926|—|$48,926|—|—|

| 2022|$51,285|—|$51,285|—|—|

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