First National Bank of Waterloo 401(k) match, vesting and fees
What First National Bank of Waterloo'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 | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Anders Minkler Huber & Helm LLP (unmodified opinion, limited scope) | 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 National Bank of Waterloo: employer contribution per participant | $4,137 | |
| Peer median | $2,868 |
| First National Bank of Waterloo: average balance | $77,835 | |
| Peer median | $95,281 |
| First National Bank of Waterloo: admin expenses ÷ assets | 0.21% | |
| 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 $15.3M at the end of plan year 2021 to $15.9M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 218 | $15.9M | $844K | $4,137 | 0.21% | Not published | Form 5500 ↗ |
| 2023 | 182 | $14M | $604K | $3,375 | 0.25% | Not published | Form 5500 ↗ |
| 2022 | 160 | $12.6M | $592K | $3,722 | 0.25% | Not published | Form 5500 ↗ |
| 2021 | 191 | $15.3M | $543K | $2,932 | 0.23% | Not published | Form 5500 ↗ |
Other First National Bank of Waterloo plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Best Hometown Bank Defined Benefit Pension 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.
| Plan type and status | Pension (defined benefit) · Terminated (final filing) | Form 5500 ↗ |
Common questions
Does First National Bank of Waterloo match 401(k) contributions?
The match terms for the First National Bank of Waterloo Profit Sharing and Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $844K in employer contributions, about $4,137 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the First National Bank of Waterloo 401(k) match vested?
The vesting schedule for the First National Bank of Waterloo Profit Sharing and Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the First National Bank of Waterloo 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is First National Bank of Waterloo.
I left First National Bank of Waterloo. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (First National Bank of Waterloo, (618) 939-6194) or the recordkeeper, Fidelity Investments Institutional. The First National Bank of Waterloo old 401(k) page lists the contacts from every plan filing. Find an old First National Bank of Waterloo 401(k)
Data from the public Form 5500 annual reports First National Bank of Waterloo 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 National Bank of Waterloo. Not financial advice. Report a correction · Methodology