1st Source 401(k) match, vesting and fees
What 1st Source's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Futureplan by Ascensus | Schedule C ↗ |
| Independent auditor | Forvis Mazars, LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2025 medians for 46 defined-contribution plans in management of companies and enterprises with 1,000 to 4,999 participants.
| 1st Source: employer contribution per participant | $4,456 | |
| Peer median | $2,622 |
| 1st Source: average balance | $194,256 | |
| Peer median | $114,810 |
| 1st Source: admin expenses ÷ assets | 0.09% | |
| Peer median | 0.11% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $248M at the end of plan year 2021 to $296M at the end of plan year 2025.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2025 | 1,529 | $296M | $6.8M | $4,456 | 0.09% | Not published | Form 5500 ↗ |
| 2024 | 1,476 | $268M | $5.3M | $3,622 | 0.07% | Not published | Form 5500 ↗ |
| 2023 | 1,437 | $237M | $5.6M | $3,913 | 0.08% | Not published | Form 5500 ↗ |
| 2022 | 1,454 | $218M | $4.5M | $3,086 | 0.06% | Not published | Form 5500 ↗ |
| 2021 | 1,367 | $248M | $5.4M | $3,973 | 0.06% | Not published | Form 5500 ↗ |
Common questions
Does 1st Source match 401(k) contributions?
The match terms for the 1st Source Corporation Employee Stock Ownership and Profit Sharing Plan have not been published from its filing yet. The plan year 2025 filing reports $6.8M in employer contributions, about $4,456 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the 1st Source 401(k) match vested?
The vesting schedule for the 1st Source Corporation Employee Stock Ownership and Profit Sharing Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the 1st Source 401(k)?
The recordkeeper listed on Schedule C of the plan year 2025 filing is Futureplan by Ascensus. The plan administrator is 1st Source Corporation.
I left 1st Source. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (1st Source Corporation, (574) 235-2664) or the recordkeeper, Futureplan by Ascensus. The 1st Source old 401(k) page lists the contacts from every plan filing. Find an old 1st Source 401(k)
Data from the public Form 5500 annual reports 1st Source filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024 and 2025) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with 1st Source. Not financial advice. Report a correction · Methodology