Plan Snapshot
- Plan Sponsor: First State Bank Southwest
- Sponsor EIN: 410514195
- Sponsor Address: 1433 OXFORD STREET, WORTHINGTON, MN, 561870725
- Plan Type: 401(k)
- Total Participants: 46
- Total Assets: $23.3M
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 | 46 | $23.3M | $467,308 | $270,187 |
| 2023 | 42 | $21.0M | $458,418 | $295,667 |
| 2022 | 40 | $19.0M | $585,108 | $293,881 |