Plan Ledger DOL Form 5500 · updated monthly

First Bank401(k)

FIRST BANK 401(K) PLAN · ST. LOUIS, MO · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

First Bank reported $25,539 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,111 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 fell from 0.06% to 0.01%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 120th-largest of 1,393 plans among Missouri employers on file, and the 597th of 4,798 in finance & insurance. In 2024, employees put in $2.07 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$191,892,833
Participants with balances1,522
Active participants949
Employer contributions$2,952,466
Employee contributions$6,117,795
Employer contribution per active participant$3,111
Average account balance$126,079
Benefits paid to participants$25,779,547
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$191.9M · 1,522 accts · $3.0M emplr
2023$184.5M · 1,605 accts · $2.9M emplr
2022$165.3M · 821 accts · $2.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,086
Investment management$4,453
Total administrative$25,539
The First Bank 401(k) match · 2024
Employer contribution per active participant$3,111
Median for plans this size$3,635
2024$3,111 per active participant
2023$2,951 per active participant
2022$3,051 per active participant

First Bank's 2024 employer contribution ran below the $3,635 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
EMPOWER ANNUITY INSURANCE COMPANY · Recordkeeping · Loan processing$21,086
EMPOWER ADVISORY GROUP, LLC · Investment management · Investment advisory (participants)$4,453

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

Recordkeeper by year2
2024Empower
2023Empower

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$25,539 · 0.01%
2023$33,735 · 0.02%
2022$104,414 · 0.06%
Similar plansFinance & Insurance · Missouri
Americo Services, Inc. MO$262.4M · 0.09%
Lumeris Healthcare Outcomes MO$165.6M · 0.12%
Moneta Group LLC MO$144.0M · 0.06%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 430231490 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.