First Commonwealth Financial Corporation 401(k) Review & Grade
First Commonwealth Financial Corporation 401(k) Retirement Savings and Investment Plan
Indiana, PAFinance & Insurance1,619 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,095Employer $ per active participant
$5,129Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$176.1MNet plan assets, end of year
$94,388Average balance per account
Score breakdown
- Employer generosity11.0 / 5022th percentile for employer $ per participant
- Low cost15.7 / 2563th percentile for low admin cost vs. same-size plans
- Employee saving3.8 / 1525th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 22th |
| Lower admin cost | 63th |
| Employee saving | 25th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- First Commonwealth Financial put in about $2,095 per active participant, below the typical peer ($3,606). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $3,392,042 |
| Participant (employee) contributions | $8,304,278 |
| Other contributions (incl. rollovers in) | $631,754 |
| Administrative expenses paid from the plan | $252,066 |
| Investment advisory & management fees | $69,752 |
| Other admin expenses | $40,000 |
| Benefits paid out | $15,442,531 |
| Net assets, start / end of year | $154.2M / $176.1M |
| Active participants, start / end of year | 1,475 / 1,763 |
| Participants with account balances | 1,866 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US LLP |
| Employer stock held by plan | $130,955 |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $126,764 reported compensation |
| Strategic Advisors, Inc. | $69,752 reported compensation |
| Mercer Investments LLC | $40,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250912113955NAL0001257937001, received 2025-09-12, EIN 25-1428528, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.