Plan Ledger DOL Form 5500 · updated monthly

Fncb Bank401(k)

FNCB BANK 401K PROFIT SHARING PLAN · DUNMORE, PA · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Fncb Bank reported $15,242 in plan administrative expenses for 2024: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,529 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 0.17% to 0.08%. 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 1,518th-largest of 3,651 plans among Pennsylvania employers on file, and 3,025th of 4,798 in finance & insurance. In 2024, employees put in $2.07 for every $1.00 the employer contributed; active participation has shrunk from 231 to 194 since 2022.

Plan summary
Net assets, end of year$20,359,466
Participants with balances230
Active participants194
Employer contributions$296,648
Employee contributions$614,325
Employer contribution per active participant$1,529
Average account balance$88,519
Benefits paid to participants$2,346,089
Plan auditUnmodified (clean) audit opinion
AuditorTHE GATTUSO GROUP, INC
Plan history3
Yearassets · accounts · employer contribution
2024$20.4M · 230 accts · $297K emplr
2023$18.9M · 273 accts · $561K emplr
2022$14.8M · 268 accts · $500K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$11,100
Total administrative$15,242
The Fncb Bank 401(k) match · 2024
Employer contribution per active participant$1,529
Median for plans this size$2,416
2024$1,529 per active participant
2023$2,516 per active participant
2022$2,164 per active participant

Fncb Bank'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 · 20241
VALLEY FORGE PENSION MANAGEMENT · Other servicesindirect 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$15,242 · 0.08%
2023$23,198 · 0.14%
2022$26,705 · 0.17%
Same employer
Similar plansFinance & Insurance · Pennsylvania
The Loomis Company PA$20.9M · 0.19%
Cohen & Company, LLC PA$20.9M · 0.49%
Freedom Credit Union PA$19.8M · 0.34%
Radius Holdings LLC PA$19.7M · 0.87%
Traditions Bank PA$19.4M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 240566588 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.