Plan Ledger DOL Form 5500 · updated monthly

First Commonwealth Financial Corporation401(k)

FIRST COMMONWEALTH FINANCIAL CORPORATION 401(K) RETIREMENT SAVINGS AND INVESTMENT PLAN · INDIANA, PA · plan year 2024

Reported admin expense ratio · 2024
0.15%

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

First Commonwealth Financial Corporation reported $252,066 in plan administrative expenses for 2024: 0.15% of average plan assets, above the peer median. Employer contributions averaged $1,924 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 0.17% to 0.15%. 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 316th-largest of 3,651 plans among Pennsylvania employers on file, and the 647th of 4,798 in finance & insurance. In 2024, employees put in $2.45 for every $1.00 the employer contributed; active participation has grown from 1,445 to 1,763 since 2022.

Plan summary
Net assets, end of year$176,127,968
Participants with balances1,866
Active participants1,763
Employer contributions$3,392,042
Employee contributions$8,304,278
Employer contribution per active participant$1,924
Average account balance$94,388
Benefits paid to participants$15,442,531
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$176.1M · 1,866 accts · $3.4M emplr
2023$154.2M · 1,796 accts · $3.1M emplr
2022$127.5M · 1,745 accts · $2.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$126,764
Investment management$69,752
Audit (IQPA)$15,550
Total administrative$252,066
The First Commonwealth Financial Corporation 401(k) match · 2024
Employer contribution per active participant$1,924
Median for plans this size$3,635
2024$1,924 per active participant
2023$2,077 per active participant
2022$1,921 per active participant

First Commonwealth Financial Corporation's 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom quarter of its peers. 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 · 20244
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$69,752
MERCER INVESTMENTS LLC · Investment management$40,000
BAKER TILLY · Accounting / audit$15,550

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$252,066 · 0.15%
2023$245,243 · 0.17%
2022$243,087 · 0.17%
Same employer
Similar plansFinance & Insurance · Pennsylvania
Geisinger Health Plan PA$196.7M · 0.03%
Pfm Financial Advisors LLC PA$176.5M · 0.01%
S & T Bank PA$128.4M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 251428528 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.