Plan Ledger DOL Form 5500 · updated monthly

First National Bank of Tennessee401(k)

FIRST NATIONAL BANK OF TENNESSEE 401(K) PROFIT SHARING PLAN · LIVINGSTON, TN · plan year 2024

Reported admin expense ratio · 2024
0.01%

Peer grade: A · admin costs + employer contributions vs same-size plans · how grading works

First National Bank of Tennessee reported $1,790 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,435 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 rose from 0.00% to 0.01%. 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 411th-largest of 1,496 plans among Tennessee employers on file, and 2,401st of 4,798 in finance & insurance. In 2024, employees put in $1.51 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$30,444,888
Participants with balances165
Active participants157
Employer contributions$696,237
Employee contributions$1,052,657
Employer contribution per active participant$4,435
Average account balance$184,514
Benefits paid to participants$1,546,320
Plan auditUnmodified (clean) audit opinion
AuditorBARDON & BRACKMAN CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$30.4M · 165 accts · $696K emplr
2023$26.8M · 161 accts · $664K emplr
2022$23.0M · 161 accts · $599K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,790
Total administrative$1,790
The First National Bank of Tennessee 401(k) match · 2024
Employer contribution per active participant$4,435
Median for plans this size$2,416
2024$4,435 per active participant
2023$4,487 per active participant
2022$3,970 per active participant

First National Bank of Tennessee's 2024 employer contribution ran above the $2,416 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.

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 · 20242
ERISA SERVICES INC · Contract administrator$1,275
CAPITAL GROUP RETIREMENT PLAN SERVI$425

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$1,790 · 0.01%
2023$1,054 · 0.00%
2022$1,000 · 0.00%
Same employer
Similar plansFinance & Insurance · Tennessee
Banctenn Corp. TN$32.0M · 0.40%
Mortgage Investors Group TN$30.2M · 0.64%
Independent Bank TN$29.8M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 620727200 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.