Plan Snapshot
- Plan Sponsor: First Western Bancshares, INC.
- Sponsor EIN: 710605306
- Sponsor Address: P.O. BOX 238, BOONEVILLE, AR, 72927
- Plan Type: 401(k)
- Total Participants: 120
- Total Assets: $18.6M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 120 | $18.6M | $760,398 | $427,845 |
| 2023 | 122 | $16.5M | $610,000 | $429,028 |
| 2022 | 123 | $15.1M | $554,279 | $420,417 |
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 |
|---|---|---|---|---|
| LANDMARK PLC, CPA | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LANDMARK PLC, CPA — 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 | $25,846 | — | $17,000 | — | — |
| 2023 | $46,817 | — | $26,480 | $11,500 | — |
| 2022 | $51,324 | — | $1,420 | — | $48,904 |