Plan Ledger DOL Form 5500 · updated monthly

First Bankers Trustshares, Inc.401(k)

FIRST BANKERS TRUSTSHARES, INC. 401(K) PROFIT SHARING PLAN · QUINCY, IL · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

First Bankers Trustshares, Inc. reported $30,608 in plan administrative expenses for 2024: 0.14% of average plan assets, below the peer median. Employer contributions averaged $3,492 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 0.141%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other management of companies employers. By assets it is the 1,576th-largest of 3,702 plans among Illinois employers on file, and 414th of 786 in management of companies. In 2024, employees put in $1.41 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$22,903,683
Participants with balances178
Active participants176
Employer contributions$614,552
Employee contributions$866,791
Employer contribution per active participant$3,492
Average account balance$128,672
Benefits paid to participants$1,855,997
Plan auditUnmodified (clean) audit opinion
AuditorWADE STABLES, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$22.9M · 178 accts · $615K emplr
2023$20.6M · 186 accts · $586K emplr
2022$17.4M · 203 accts · $551K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,477
Total administrative$30,608
The First Bankers Trustshares, Inc. 401(k) match · 2024
Employer contribution per active participant$3,492
Median for plans this size$2,416
2024$3,492 per active participant
2023$3,733 per active participant
2022$3,261 per active participant

First Bankers Trustshares, Inc.'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 · 20241
NEWPORT GROUP, INC. · Recordkeeping$30,477

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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

Administrative cost history3
2024$30,608 · 0.14%
2023$28,543 · 0.15%
2022$27,097 · 0.14%
Same employer
Similar plansManagement of Companies · Illinois
Parkway Bancorp, Inc. IL$31.8M · 0.30%
Edpo, LLC IL$30.4M · 0.39%
The Partner Companies LLC IL$30.0M · 0.68%
Qsrsoft, LLC IL$19.7M · 0.03%
Service Holdings, LLC IL$16.6M · 0.46%
Bancorp Financial, Inc. IL$13.2M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 371237250 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.