First Community Bancshares, Inc. 401(k) Review & Grade
First Community Bancshares, Inc.employees' Profit Sharing Plan
Killeen, TXFinance & Insurance2,423 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,940Employer $ per active participant
$2,528Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$142.3MNet plan assets, end of year
$69,706Average balance per account
Score breakdown
- Employer generosity9.9 / 5020th percentile for employer $ per participant
- Low cost22.5 / 2590th percentile for low admin cost vs. same-size plans
- Employee saving0.8 / 156th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score36 / 100 · Grade D
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 20th |
| Lower admin cost | 90th |
| Employee saving | 6th |
| 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 Community Bancshares put in about $1,940 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 | $4,700,835 |
| Participant (employee) contributions | $6,126,187 |
| Other contributions (incl. rollovers in) | $282,255 |
| Administrative expenses paid from the plan | $55,472 |
| Contract administrator fees | $900 |
| Investment advisory & management fees | $13,660 |
| Benefits paid out | $10,301,272 |
| Net assets, start / end of year | $122.7M / $142.3M |
| Active participants, start / end of year | 2,158 / 2,688 |
| Participants with account balances | 2,041 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Ham, Langston & Brezina L.L.P. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $40,912 reported compensation |
| Strategic Advisors, Inc. | $13,660 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250806135812NAL0002868161001, received 2025-08-06, EIN 76-0035013, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.