# First State Bank Of The Florida Keys 401(k) Plan
Source: https://planprovider.pro/companies/first-state-bank-of-the-florida-keys-401k-plan

> First State Bank Of The Florida Keys's 401(k) plan: 151 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 Of The Florida Keys

- **Sponsor EIN:** 650790413

- **Sponsor Address:** 1201 SIMONTON ST, KEY WEST, FL, 330403111

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

- **Total Participants:** 151

- **Total Assets:** $19.9M

## 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|151|$19.9M|$488,726|$973,974|

| 2023|149|$20.4M|$477,319|$832,872|

| 2022|130|$17.8M|$658,326|$745,125|

## 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|

| BDO USA LLP|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [BDO USA LLP](https://planprovider.pro/provider/bdo-usa-pc) — 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|$80,607|—|$80,607|—|—|

| 2023|$77,522|—|$77,522|—|—|

| 2022|$68,084|—|$68,084|—|—|

## Similar Plans

- [United Southern Bank](https://planprovider.pro/companies/united-southern-bank-401k-plan-001-9540) — 153 participants

- [One Florida Bank](https://planprovider.pro/companies/one-florida-bank-401k-plan) — 168 participants

- [Florida Capital Bank, N.A.](https://planprovider.pro/companies/florida-capital-bank-n-a-401k-plan) — 130 participants

- [Axiom Bank](https://planprovider.pro/companies/axiom-bank-401k-plan) — 128 participants

- [Terrabank, N.A.](https://planprovider.pro/companies/terrabank-n-a-401k-plan) — 116 participants

- [Intercredit Bank, N.A.](https://planprovider.pro/companies/intercredit-bank-n-a-401k-plan) — 109 participants

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

© 2026 PlanProvider.Pro