Plan Snapshot
- Plan Sponsor: First Us Bancshares, INC.
- Sponsor EIN: 630843362
- Sponsor Address: 3291 US HIGHWAY 280 E, STE 100, BIRMINGHAM, AL, 35243
- Plan Type: 401(k)
- Total Participants: 153
- Total Assets: $19.4M
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 | 153 | $19.4M | $414,597 | $758,782 |
| 2023 | 154 | $18.3M | $415,615 | $760,334 |
| 2022 | 155 | $16.4M | $398,309 | $707,964 |
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 |
|---|---|---|---|---|
| CARR, RIGGS, & INGRAM, LLC | Auditor | — | — | $0 |
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 | $94,969 | $62,115 | — | — | — |
| 2023 | $51,337 | $34,447 | — | — | — |
| 2022 | $79,099 | $10,307 | $650 | — | — |