Plan Ledger DOL Form 5500 · updated monthly

First Nebraska Bancs, Inc.401(k)

FIRST NEBRASKA BANCS, INC. 401(K) PLAN · SIDNEY, NE · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

First Nebraska Bancs, Inc. reported $69,160 in plan administrative expenses for 2024: 0.42% of average plan assets, above the peer median. Employer contributions averaged $1,581 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 0.60% to 0.42%. 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 282nd-largest of 565 plans among Nebraska employers on file, and 3,290th of 4,798 in finance & insurance. In 2024, employees put in $2.99 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$17,134,855
Participants with balances156
Active participants150
Employer contributions$237,120
Employee contributions$708,954
Employer contribution per active participant$1,581
Average account balance$109,839
Benefits paid to participants$1,408,244
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.1M · 156 accts · $237K emplr
2023$15.9M · 157 accts · $229K emplr
2022$13.5M · 145 accts · $222K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,738
Investment management$53,422
Total administrative$69,160
The First Nebraska Bancs, Inc. 401(k) match · 2024
Employer contribution per active participant$1,581
Median for plans this size$2,416
2024$1,581 per active participant
2023$1,505 per active participant
2022$1,520 per active participant

First Nebraska Bancs, Inc.'s 2024 employer contribution ran below the $2,416 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.

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
LPL FINANCIAL · Recordkeeping · Trustee$53,423
ADP, INC. · Recordkeeping · Investment advisory (participants)$15,738

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024ADP, LPL Financial
2023Ascensus

This plan has changed recordkeepers within these filings. If you left First Nebraska Bancs, 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).

Administrative cost history3
2024$69,160 · 0.42%
2023Not separately reported
2022$86,147 · 0.60%
Similar plansFinance & Insurance · Nebraska
Frontier Holdings, LLC NE$19.4M · 0.18%
Bankfirst NE$17.3M · 0.11%
First State Holding Co. NE$16.4M · 0.26%
Core Bank NE$15.9M · 0.36%
Charter West Bank NE$15.7M · 0.04%
Hansen-Mueller Co. NE$15.6M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 470524654 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.