First International Bank & Trust401(k)
FIRST INTERNATIONAL BANK & TRUST 401(K) PROFIT SHARING PLAN · WATFORD CITY, ND · plan year 2024
Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works
First International Bank & Trust reported $55,121 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,444 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 0.08% to 0.06%. 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 30th-largest of 279 plans among North Dakota employers on file, and the 1,014th of 4,798 in finance & insurance. In 2024, employees put in $1.98 for every $1.00 the employer contributed; active participation has shrunk from 726 to 616 since 2022.
First International Bank & Trust's 2024 employer contribution ran above the $3,635 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 450134280 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.