# First United Corporation DB Plan
Source: https://planprovider.pro/companies/first-united-corporation-plan-001

> First United Corporation's DB plan: 99 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** First United Corporation

- **Sponsor EIN:** 521380770

- **Sponsor Address:** 19 SOUTH SECOND STREET, OAKLAND, MD, 21550

- **Plan Type:** DB

- **Total Participants:** 99

- **Total Assets:** $55.7M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|99|$55.7M|$0|$0|

| 2023|104|$51.5M|$0|$0|

| 2022|107|$48.0M|$0|$0|

## 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|

| FIRST UNITED TRUST & INVESTMENTS|COMPANY|$354,641|—|$354,641|

| CBIZ BENEFITS & INS SVCS OF MD|NONE|$44,180|—|$44,180|

| SEK CPA'S & ADVISORS|NONE|$11,422|—|$11,422|

### Verified Provider Profiles

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

- [SEK CPA'S & ADVISORS](https://planprovider.pro/provider/smith-elliott-kearns-and-company-llc) — NONE

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $410,243

- **Estimated Expense Ratio:** 0.737% 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|$444,078|$70,928|—|$11,422|—|

| 2023|$403,762|—|—|$10,578|—|

| 2022|$427,566|—|—|—|$390,078|

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