Plan Snapshot
- Plan Sponsor: Fmb Bancshares, INC.
- Sponsor EIN: 581577909
- Sponsor Address: PO BOX 187, LAKELAND, GA, 316350187
- Plan Type: 401(k)
- Total Participants: 113
- Total Assets: $8.4M
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 | 113 | $8.4M | $276,972 | $469,200 |
| 2023 | 115 | $7.2M | $228,759 | $431,367 |
| 2022 | 112 | $6.5M | $224,203 | $384,154 |
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 |
|---|---|---|---|---|
| DAME, WALKER, HARDEMAN & CO. 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 | $500 | — | $500 | — | — |
| 2023 | $900 | — | $900 | — | — |
| 2022 | $1,090 | — | $1,090 | — | — |