Plan Ledger DOL Form 5500 · updated monthly

First Guaranty Bank, Inc.401(k)

FIRST GUARANTY BANK SAVINGS PLAN · HAMMOND, LA · plan year 2024

Reported admin expense ratio · 2024
0.17%

First Guaranty Bank, Inc. reported $27,672 in plan administrative expenses for 2024: 0.17% of average plan assets, below the peer median. 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 0.30% to 0.17%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 311th-largest of 884 plans among Louisiana employers on file, and 3,382nd of 4,798 in finance & insurance.

Plan summary
Net assets, end of year$16,224,897
Participants with balances415
Active participants354
Employer contributions—
Employee contributions$1,498,219
Employer contribution per active participant—
Average account balance$39,096
Benefits paid to participants$2,729,762
Plan auditQualified audit opinion
AuditorCASTAING, HUSSEY & LOLAN, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$16.2M · 415 accts
2023$15.6M · 464 accts · $100K emplr
2022$13.5M · 467 accts · $440K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$27,672
Total administrative$27,672
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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$27,672
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$27,672 · 0.17%
2023$21,905 · 0.15%
2022$42,399 · 0.30%
Same employer
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South Louisiana Bank, Inc LA$19.7M · 0.10%
Jd Bank 401K Plan LA$16.6M · 0.47%
Cse Federal Credit Union LA$14.2M · 0.36%
Bom Bank LA$13.6M · 0.02%
Onpath Federal Credit Union LA$13.0M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 720201420 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.