# First Western Bancshares, INC. 401(k) Plan
Source: https://planprovider.pro/companies/first-western-bancshares-inc-plan

> First Western Bancshares, INC.'s 401(k) plan: 120 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/landmark-cpas) — 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|

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