First National Bank of South Miami401(k)
THE FIRST NATIONAL BANK OF SOUTH MIAMI 401K SAVINGS PLAN · CHICAGO, IL · plan year 2022
Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works
First National Bank of South Miami reported $15,375 in plan administrative expenses for 2022: 0.11% of average plan assets, below the peer median. Employer contributions averaged $2,318 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 Illinois (2,169th of 3,702), and 3,734th of 4,798 in finance & insurance. In 2022, employees put in $2.31 for every $1.00 the employer contributed.
First National Bank of South Miami's 2022 employer contribution ran above the $2,266 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 590675658 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.