First Mainstreet Insurance, L.C. 401(k) match, vesting and fees
What First Mainstreet Insurance, L.C.'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 | Empower Annuity Ins Co of America | Schedule C ↗ |
| Independent auditor | Bghn Associates, Pc. (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 Mainstreet Insurance, L.C.: employer contribution per participant | $3,091 | |
| Peer median | $2,868 |
| First Mainstreet Insurance, L.C.: average balance | $35,484 | |
| Peer median | $95,281 |
| First Mainstreet Insurance, L.C.: admin expenses ÷ assets | 0.92% | |
| 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 $3.8M at the end of plan year 2021 to $6.7M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 188 | $6.7M | $581K | $3,091 | 0.92% | Not published | Form 5500 ↗ |
| 2023 | 146 | $5.2M | $448K | $3,071 | 0.78% | Not published | Form 5500 ↗ |
| 2022 | 155 | $3.6M | $345K | $2,238 | 0.65% | Not published | Form 5500 ↗ |
| 2021 | 125 | $3.8M | $272K | $2,175 | 0.63% | Not published | 5500-SF ↗ |
Common questions
Does First Mainstreet Insurance, L.C. match 401(k) contributions?
The match terms for the First Mainstreet Insurance, L.C. 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $581K in employer contributions, about $3,091 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the First Mainstreet Insurance, L.C. 401(k) match vested?
The vesting schedule for the First Mainstreet Insurance, L.C. 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the First Mainstreet Insurance, L.C. 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Ins Co of America. The plan administrator is The Finway Group.
I left First Mainstreet Insurance, L.C.. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (The Finway Group, (515) 226-0974) or the recordkeeper, Empower Annuity Ins Co of America. The First Mainstreet Insurance, L.C. old 401(k) page lists the contacts from every plan filing. Find an old First Mainstreet Insurance, L.C. 401(k)
Data from the public Form 5500 annual reports First Mainstreet Insurance, L.C. 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 Mainstreet Insurance, L.C.. Not financial advice. Report a correction · Methodology