First National Bancorp, Inc.401(k)
FIRST NATIONAL BANK OF MICHIGAN 401K PLAN · KALAMAZOO, MI · plan year 2024
Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works
First National Bancorp, Inc. reported $40,179 in plan administrative expenses for 2024: 0.43% of average plan assets, below the peer median. Employer contributions averaged $3,141 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 0.74% to 0.43%. 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 Michigan (1,569th of 2,619), and 4,025th of 4,798 in finance & insurance. In 2024, employees put in $2.22 for every $1.00 the employer contributed.
First National Bancorp, Inc.'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.
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.
This plan has changed recordkeepers within these filings. If you left First National Bancorp, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 204047328 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.