Plan Ledger DOL Form 5500 · updated monthly

First Arkansas Bank & Trust401(k)

FIRST ARKANSAS BANK & TRUST EMPLOYEES' SAVINGS AND RETIREMENT PLAN · JACKSONVILLE, AR · plan year 2024

Reported admin expense ratio · 2024
0.57%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

First Arkansas Bank & Trust reported $122,539 in plan administrative expenses for 2024: 0.57% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,796 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 3 years on file its reported administrative ratio has held roughly steady near 0.57%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 135th-largest of 456 plans among Arkansas employers on file, and 2,825th of 4,798 in finance & insurance. In 2024, employees put in $1.13 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,000,826
Participants with balances275
Active participants242
Employer contributions$918,679
Employee contributions$1,040,143
Employer contribution per active participant$3,796
Average account balance$83,639
Benefits paid to participants$1,550,732
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$23.0M · 275 accts · $919K emplr
2023$20.2M · 306 accts · $1.1M emplr
2022$16.8M · 285 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$63,214
Investment management$59,325
Total administrative$122,539
The First Arkansas Bank & Trust 401(k) match · 2024
Employer contribution per active participant$3,796
Median for plans this size$2,416
2024$3,796 per active participant
2023$4,344 per active participant
2022$4,334 per active participant

First Arkansas Bank & Trust's 2024 employer contribution ran above the $2,416 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.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
WORLD INVESTMENT ADVISORS LLC · Investment advisory (plan)$59,325

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$122,539 · 0.57%
2023$103,398 · 0.56%
2022$104,602 · 0.59%
Same employer
Similar plansFinance & Insurance · Arkansas
First Community Bank AR$27.1M · 1.09%
Relyance Bank AR$20.1M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 710231333 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.