Plan Snapshot
- Plan Sponsor: The First Bank And Trust Company
- Sponsor EIN: 541116387
- Sponsor Address: 18528 LEE HIGHWAY, ABINGDON, VA, 24212
- Plan Type: 401(k)
- Total Participants: 454
- Total Assets: $44.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 454 | $44.1M | $1.1M | $2.2M |
| 2023 | 445 | $38.4M | $1.1M | $2.1M |
| 2022 | 448 | $39.8M | $1.0M | $2.0M |
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 |
|---|---|---|---|---|
| EPIC RETIREMENT PLAN SERVICES | NONE | $63,690 | — | $63,690 |
| NBT BANK, N.A. | NONE | $20,646 | — | $20,646 |
| HESS, STEWART & CAMPBELL, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EPIC RETIREMENT PLAN SERVICES — NONE
- NBT BANK, N.A. — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $84,336
- Estimated Expense Ratio: 0.191% 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 | $84,336 | $84,336 | — | — | — |
| 2023 | $78,148 | $78,148 | — | — | — |
| 2022 | $77,529 | $77,529 | — | — | — |