Plan Ledger DOL Form 5500 · updated monthly

First Community Bank401(k)

FIRST COMMUNITY BANK 401(K) PLAN · HARLINGEN, TX · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

First Community Bank reported $25,259 in plan administrative expenses for 2024: 0.33% of average plan assets, below the peer median. Employer contributions averaged $3,803 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 0.33%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Texas (3,453rd of 5,688), and 4,205th of 4,798 in finance & insurance. In 2024, employees put in $1.31 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,679,216
Participants with balances107
Active participants116
Employer contributions$441,167
Employee contributions$576,181
Employer contribution per active participant$3,803
Average account balance$71,768
Benefits paid to participants$1,720,318
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.7M · 107 accts · $441K emplr
2023$7.6M · 106 accts · $409K emplr
2022$6.3M · 103 accts · $360K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,259
Total administrative$25,259
The First Community Bank 401(k) match · 2024
Employer contribution per active participant$3,803
Median for plans this size$1,313
2024$3,803 per active participant
2023$3,654 per active participant
2022$3,158 per active participant

First Community Bank's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 · 20241
ADP, INC. · Loan processing · Recordkeeping$25,258

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

Recordkeeper by year2
2024ADP
2023ADP

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

Administrative cost history3
2024$25,259 · 0.33%
2023$25,057 · 0.36%
2022$23,020 · 0.34%
Same employer
Similar plansFinance & Insurance · Texas
Texell Credit Union TX$8.1M · 0.73%
Texas National Bank TX$7.9M · 0.77%
Sure, Inc. TX$7.7M · 0.10%
Sente Mortgage TX$7.6M · 0.84%
American State Bank TX$7.6M · 1.09%
Solvchem, Inc TX$7.6M · 0.30%
City Credit Union TX$7.5M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 742058750 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.