Plan Ledger DOL Form 5500 · updated monthly

First Service Bank401(k)

FIRST SERVICE BANK PROFIT SHARING & 401(K) PLAN · GREENBRIER, AR · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

First Service Bank reported $12,434 in plan administrative expenses for 2024: 0.17% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,079 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 0.12% to 0.17%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Arkansas (260th of 456), and 4,214th of 4,798 in finance & insurance. In 2024, employees put in $1.73 for every $1.00 the employer contributed; active participation has grown from 100 to 136 since 2022.

Plan summary
Net assets, end of year$7,602,508
Participants with balances174
Active participants136
Employer contributions$282,765
Employee contributions$490,071
Employer contribution per active participant$2,079
Average account balance$43,693
Benefits paid to participants$434,763
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.6M · 174 accts · $283K emplr
2023$6.6M · 156 accts · $233K emplr
2022$5.8M · 146 accts · $182K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,434
Total administrative$12,434
The First Service Bank 401(k) match · 2024
Employer contribution per active participant$2,079
Median for plans this size$1,313
2024$2,079 per active participant
2023$2,306 per active participant
2022$1,823 per active participant

First Service Bank's 2024 employer contribution ran above the $1,313 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 · 20241
VARIABLE ANNUITY LIFE INSURANCE CO. · Custodial (securities) · Investment advisory (participants)indirect comp

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$12,434 · 0.17%
2023$8,646 · 0.14%
2022$7,349 · 0.12%
Same employer
Similar plansFinance & Insurance · Arkansas
Fnbc Bank AR$11.0M · 0.30%
Union Bank AR$9.7M · 0.38%
Malvern National Bank AR$8.8M · 0.17%
Stone Bank AR$7.7M · 0.09%
Today's Bank AR$4.7M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 710336112 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.