Plan Ledger DOL Form 5500 · updated monthly

First Paragould Bankshares, Inc401(k)

FIRST PARAGOULD BANKSHARES, INC. EMPLOYEES SAVINGS TRUST · PARAGOULD, AR · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

First Paragould Bankshares, Inc reported $113,636 in plan administrative expenses for 2024: 0.42% of average plan assets, above the peer median. Employer contributions averaged $2,624 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 0.34% 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 117th-largest of 456 plans among Arkansas employers on file, and 2,485th of 4,798 in finance & insurance. In 2024, employees put in $1.54 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$28,547,395
Participants with balances267
Active participants279
Employer contributions$732,007
Employee contributions$1,129,854
Employer contribution per active participant$2,624
Average account balance$106,919
Benefits paid to participants$1,841,817
Plan auditUnmodified (clean) audit opinion
AuditorHCJ CPAS & ADVISORS, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$28.5M · 267 accts · $732K emplr
2023$25.1M · 257 accts · $738K emplr
2022$21.4M · 267 accts · $699K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,718
Investment management$83,918
Total administrative$113,636
The First Paragould Bankshares, Inc 401(k) match · 2024
Employer contribution per active participant$2,624
Median for plans this size$2,416
2024$2,624 per active participant
2023$2,637 per active participant
2022$2,514 per active participant

First Paragould Bankshares, Inc's 2024 employer contribution ran above 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
CPI QUALIFIED PLAN CONSULTANTS, INC · Recordkeeping · Pension consulting$29,718
STEPHENS · Investment advisory (plan)$83,918

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

Recordkeeper by year2
2024CPI QUALIFIED PLAN CONSULTANTS, INC
2023CPI QUALIFIED PLAN CONSULTANTS, INC

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$113,636 · 0.42%
2023$101,281 · 0.44%
2022$75,507 · 0.34%
Same employer
Similar plansFinance & Insurance · Arkansas
Crews & Associates Inc. AR$47.8M · 0.27%
Bank of England AR$41.4M · 0.52%
The Stephens Group, LLC AR$33.0M · 0.04%
First Community Bank AR$27.1M · 1.09%
First Arkansas Bank & Trust AR$23.0M · 0.57%

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Source: U.S. Department of Labor, Form 5500 series, EIN 621199969 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.