First Western Bancshares 401(k) match, vesting and fees
What First Western Bancshares' 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 | Forvis Mazars, LLP | 2024 Schedule C ↗ |
| Independent auditor | Landmark Plc, Cpa (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
The recordkeeper is from the plan year 2024 filing, the latest that names one. The other rows are from the plan year 2025 filing.
How the plan compares
Plan year 2025 medians for 1,478 defined-contribution plans in finance and insurance with 100 to 499 participants.
| First Western Bancshares: employer contribution per participant | $4,521 | |
| Peer median | $3,122 |
| First Western Bancshares: average balance | $115,489 | |
| Peer median | $111,687 |
| First Western Bancshares: admin expenses ÷ assets | <0.01% | |
| Peer median | 0.20% |
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 $14.4M at the end of plan year 2021 to $21.4M at the end of plan year 2025.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2025 | 202 | $21.4M | $836K | $4,521 | <0.01% | Not published | Form 5500 ↗ |
| 2024 | 197 | $18.6M | $760K | $4,066 | 0.15% | Not published | Form 5500 ↗ |
| 2023 | 194 | $16.5M | $610K | $3,389 | 0.30% | Not published | Form 5500 ↗ |
| 2022 | 192 | $15.1M | $554K | $3,132 | 0.35% | Not published | Form 5500 ↗ |
| 2021 | 187 | $14.4M | $563K | $3,350 | 0.33% | Not published | Form 5500 ↗ |
Common questions
Does First Western Bancshares match 401(k) contributions?
The match terms for the First Western Bancshares, Inc. Employee Stock Ownership and 401(k) Plan have not been published from its filing yet. The plan year 2025 filing reports $836K in employer contributions, about $4,521 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the First Western Bancshares 401(k) match vested?
The vesting schedule for the First Western Bancshares, Inc. Employee Stock Ownership and 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the First Western Bancshares 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Forvis Mazars, LLP. The plan administrator is First Western Bancshares, Inc..
I left First Western Bancshares. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (First Western Bancshares, Inc., (479) 675-8231) or the recordkeeper, Forvis Mazars, LLP. The First Western Bancshares old 401(k) page lists the contacts from every plan filing. Find an old First Western Bancshares 401(k)
Data from the public Form 5500 annual reports First Western Bancshares 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 First Western Bancshares. Not financial advice. Report a correction · Methodology