First National Bank of Grayson401(k)
FIRST NATIONAL BANK OF GRAYSON PROFIT SHARING AND 401(K) SAVINGS PLAN · GRAYSON, KY · plan year 2022
Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works
First National Bank of Grayson reported $32,707 in plan administrative expenses for 2022: 0.27% of average plan assets, above the peer median. Employer contributions averaged $4,491 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.
The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Kentucky (442nd of 871), and 3,880th of 4,798 in finance & insurance. In 2022, the employer put in $1.56 for every $1.00 employees contributed themselves.
First National Bank of Grayson's 2022 employer contribution ran above the $2,266 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 610208245 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.