# The First Bank And Trust Company 401(k) Plan
Source: https://planprovider.pro/companies/the-first-bank-and-trust-company-401k-plan

> The First Bank And Trust Company's 401(k) plan: 454 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/epic-retirement-plan-services) — NONE

- [NBT BANK, N.A.](https://planprovider.pro/provider/epic-retirement-plan-services) — 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|—|—|—|

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