Plan Snapshot
- Plan Sponsor: First Western Financial, INC.
- Sponsor EIN: 371442266
- Sponsor Address: 1900 16TH STREET SUITE 1200, DENVER, CO, 802025251
- Plan Type: 401(k)
- Total Participants: 310
- Total Assets: $33.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 310 | $33.9M | $853,333 | $3.1M |
| 2023 | 301 | $32.3M | $763,090 | $3.0M |
| 2022 | 355 | $28.4M | $992,728 | $3.5M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $56,228 | — | $56,228 |
| FIRST WESTERN FINANCIAL | ACCOUNTANT | $17,500 | — | $17,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIRST WESTERN FINANCIAL — ACCOUNTANT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $73,728
- Estimated Expense Ratio: 0.218% 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 | $73,729 | — | $56,229 | $17,500 | — |
| 2023 | $90,440 | — | $67,940 | $22,500 | — |
| 2022 | $74,846 | — | $67,449 | — | $7,397 |