First American National Bank401(k)
FIRST AMERICAN NATIONAL BANK 401(K) SAVINGS PLAN · IUKA, MS · plan year 2022
Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works
First American National Bank reported $9,583 in plan administrative expenses for 2022: 0.14% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,935 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.
The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Mississippi (223rd of 367), and 4,355th of 4,798 in finance & insurance. In 2022, employees put in $1.69 for every $1.00 the employer contributed.
First American National Bank's 2022 employer contribution ran above the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 640429115 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.