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

> First State Bank Southwest's 401(k) plan: 46 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 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|

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