First Community Bank 401(k) match, vesting and fees
What First Community Bank'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.
| Independent auditor | Whitley Penn LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 3,409 defined-contribution plans in finance and insurance with 100 to 499 participants.
| First Community Bank: employer contribution per participant | $710 | |
| Peer median | $2,868 |
| First Community Bank: average balance | $133,966 | |
| Peer median | $95,281 |
| First Community Bank: admin expenses ÷ assets | <0.01% | |
| Peer median | 0.22% |
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 $13.2M at the end of plan year 2021 to $14.6M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 152 | $14.6M | $77K | $710 | <0.01% | Not published | Form 5500 ↗ |
| 2023 | 159 | $13.5M | $79K | $691 | 0.01% | Not published | Form 5500 ↗ |
| 2022 | 157 | $13M | $73K | $597 | 0.02% | Not published | Form 5500 ↗ |
| 2021 | 151 | $13.2M | $73K | $604 | 0.01% | Not published | Form 5500 ↗ |
Other First Community Bank plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
First Community Bank 401(k) Profit Sharing Plan
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 | John Hancock Life Insurance Company | Schedule C ↗ |
| Independent auditor | Whitley Penn LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
Common questions
Does First Community Bank match 401(k) contributions?
The match terms for the Coastal Bend Bancshares, Inc. Employee Stock Ownership Plan & Trust have not been published from its filing yet. The plan year 2024 filing reports $77K in employer contributions, about $710 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the First Community Bank 401(k) match vested?
The vesting schedule for the Coastal Bend Bancshares, Inc. Employee Stock Ownership Plan & Trust is not in the data published so far. Your Summary Plan Description states it.
Who manages the First Community Bank 401(k)?
The filing names First Community Bank as plan administrator; it does not list a recordkeeper.
I left First Community Bank. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (First Community Bank, (361) 888-9310). The First Community Bank old 401(k) page lists the contacts from every plan filing. Find an old First Community Bank 401(k)
Data from the public Form 5500 annual reports First Community Bank filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) 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 First Community Bank. Not financial advice. Report a correction · Methodology