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

> First Western Financial, INC.'s 401(k) plan: 310 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 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](https://planprovider.pro/provider/wipfli-llp) — 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|

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