First County Bank 401(k) match, vesting and fees
What First County 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.
| Recordkeeper | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Baker Newman & Noyes LLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 3,409 defined-contribution plans in finance and insurance with 100 to 499 participants.
| First County Bank: employer contribution per participant | $3,781 | |
| Peer median | $2,868 |
| First County Bank: average balance | $151,024 | |
| Peer median | $95,281 |
| First County Bank: admin expenses ÷ assets | 0.02% | |
| 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 $35.9M at the end of plan year 2021 to $39.7M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 266 | $39.7M | $994K | $3,781 | 0.02% | Not published | Form 5500 ↗ |
| 2023 | 275 | $37.1M | $1M | $3,725 | 0.04% | Not published | Form 5500 ↗ |
| 2022 | 292 | $31M | $918K | $3,177 | 0.03% | Not published | Form 5500 ↗ |
| 2021 | 297 | $35.9M | $981K | $3,373 | 0.02% | Not published | Form 5500 ↗ |
Other First County Bank plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Retirement Plan of First County Bank
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 | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Baker Newman & Noyes, LLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does First County Bank match 401(k) contributions?
The match terms for the First County Bank Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $994K in employer contributions, about $3,781 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the First County Bank 401(k) match vested?
The vesting schedule for the First County Bank Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the First County Bank 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is First County Bank Compensation and Benefits Committee.
I left First County Bank. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (First County Bank Compensation and Benefits Committee, (203) 462-4212) or the recordkeeper, Principal Life Insurance Company. The First County Bank old 401(k) page lists the contacts from every plan filing. Find an old First County Bank 401(k)
Data from the public Form 5500 annual reports First County 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 County Bank. Not financial advice. Report a correction · Methodology