Plan Ledger DOL Form 5500 · updated monthly

First Financial Corporation401(k)

FIRST FINANCIAL CORPORATION EMPLOYEES' 401(K) SAVINGS PLAN · TERRE HAUTE, IN · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

First Financial Corporation reported $37,421 in plan administrative expenses for 2024: 0.07% of average plan assets, below the peer median. Employer contributions averaged $1,463 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 0.09% to 0.07%. 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 251st-largest of 1,562 plans among Indiana employers on file, and the 1,468th of 4,798 in finance & insurance. In 2024, employees put in $2.32 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$59,639,408
Participants with balances1,042
Active participants956
Employer contributions$1,398,288
Employee contributions$3,239,065
Employer contribution per active participant$1,463
Average account balance$57,236
Benefits paid to participants$9,934,880
Plan auditUnmodified (clean) audit opinion
AuditorSACKRIDER AND COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$59.6M · 1,042 accts · $1.4M emplr
2023$53.2M · 871 accts · $1.6M emplr
2022$44.6M · 1,086 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$35,127
Investment management$2,294
Total administrative$37,421
The First Financial Corporation 401(k) match · 2024
Employer contribution per active participant$1,463
Median for plans this size$3,635
2024$1,463 per active participant
2023$1,839 per active participant
2022$1,544 per active participant

First 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$35,127

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$37,421 · 0.07%
2023$41,680 · 0.09%
2022$46,044 · 0.09%
All plans at this employer2
FIRST FINANCIAL CORPORATION EMPLOYEE STOCK OWNERSHIP PLANESOP
FIRST FINANCIAL CORPORATION EMPLOYEES' 401(K) SAVINGS PLAN401(k)
Same employer
Similar plansFinance & Insurance · Indiana
Forum Credit Union IN$62.5M · 0.02%
Star Financial Group, Inc. IN$58.8M · 0.03%
Shepherd Insurance, LLC IN$55.7M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351546989 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.