1ST Source Corporation401(k) + ESOP (KSOP)
1ST SOURCE CORPORATION EMPLOYEE STOCK OWNERSHIP AND PROFIT SHARING PLAN · SOUTH BEND, IN · plan year 2024
Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works
1ST Source Corporation reported $174,083 in plan administrative expenses for 2024: 0.07% of average plan assets, below the peer median. Employer contributions averaged $4,440 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
Across the 2 years on file its reported administrative ratio rose from 0.06% to 0.07%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other management of companies employers. By assets it is the 62nd-largest of 1,562 plans among Indiana employers on file, and the 125th of 786 in management of companies. In 2024, employees put in $1.39 for every $1.00 the employer contributed.
1ST Source Corporation's 2024 employer contribution ran above the $4,294 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 351068133 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.