First Community Bank 401(k) Review & Grade
First Community Bank 401(k) and Profit Sharing Plan
Batesville, ARFinance & Insurance536 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,236Employer $ per active participant
$3,364Employee $ saved per active participant
1.09%Direct admin cost, % of plan assets
$27.1MNet plan assets, end of year
$38,054Average balance per account
Score breakdown
- Employer generosity12.4 / 5025th percentile for employer $ per participant
- Low cost1.4 / 256th percentile for low admin cost vs. same-size plans
- Employee saving1.2 / 158th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score15 / 100 · Grade F
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 25th |
| Lower admin cost | 6th |
| Employee saving | 8th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Corrective distributions: the plan refunded $4,122 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- First Community Bank put in about $2,236 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.
- Direct plan expenses (1.09% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $1,197,197 |
| Participant (employee) contributions | $1,801,646 |
| Other contributions (incl. rollovers in) | $350,284 |
| Administrative expenses paid from the plan | $269,306 |
| Contract administrator fees | $10,370 |
| Benefits paid out | $1,587,026 |
| Net assets, start / end of year | $22.4M / $27.1M |
| Active participants, start / end of year | 538 / 533 |
| Participants with account balances | 712 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Welch, Couch & Company, PA |
Largest service providers (Schedule C)
| John Hancock Life Insur Co. (USA) | $6,754 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250730135837NAL0002421427001, received 2025-07-30, EIN 71-0799734, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.