Retirement plan

FIRST CO. 401(K) RETIREMENT PLAN

Name: FIRST CO. - FIRST CO. 401(K) RETIREMENT PLAN (2024) Form 5500
Creator: FIRST CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRST CO. 401(K) RETIREMENT PLAN, FIRST CO.

FIRST CO.EIN 75-1232784Plan #001PY 2024

8273 MOBERLY LANE - DALLAS, TX 75227214-388-5751firstco.comLinkedIn501-1000 employeesmachinery

Prospect flagsLow returnsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$25.8M

+9.6% from 2023

Total participants

599

+13.7% from 2023

Average account balance

$60,626

+3.2% from 2023

Annual return

11.19%

-3.67 pp from 2023

Benchmarks

See 2,380 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,380 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$25.83M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$61K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

426

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

65.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.91M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+11.19%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$164

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
PROACCOUNT1 year Service code 26 · EIN 73-0988442 10 W NATIONWIDE BLVD · COLUMBUS, OH 43215	Advisory (Participants)	$62,344
NATIONWIDE7 years Service code 15 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$30,967
CECILCO7 years Service code 13 · EIN 43-4923457 14881 QUORUM DR · DALLAS, TX 75254	Contract Administrator	$21,601
PROSPERA FINANCIAL SERVICES7 years Service code 27	Advisory (Plan)	$18,031
BAIRD FUNDS1 year Filed as: ROBERT CECIL JR Service code 26 · EIN 43-0923457 14881 QUORUM DRIVE · DALLAS, TX 75240	Advisory (Participants)	$9,244
PROSPERA FINANCIAL SERVICES6 years Filed as: PROSPERA FINANCIAL SERVICES, INC Service code 27 · EIN 75-1832551 5429 LBJ FRW · DALLAS, TX 75240	Advisory (Plan)	$0

Reportable transactions (Schedule G)

1 row

Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.

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Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$70K

$138 / participant

Investment mgmt$62K89.3%
Contract admin$7K10.6%
Other / not subdivided$1190.2%

% of EOY assets

0.270%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PRICEKUBECKA, PLLC
Auditor EIN: 752783674
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,626

$89,093-32.0%

$102,434-40.8%

$77,736-22.0%

Participation rate

65.7%

80.9%-15.2pp

76.5%-10.8pp

70.6%-4.8pp

Annual return

11.19%

25.03%-13.8pp

29.46%-18.3pp

31.26%-20.1pp

Employer contribution / active EE

$1,337

$2,699-50.5%

$3,023-55.8%

$2,728-51.0%

Participant deferral / active EE

$2,452

$5,147-52.4%

$5,055-51.5%

$4,651-47.3%

Admin fee / account holder

$164

$236-30.5%

$9,462-98.3%

$433-62.2%

Provider

Service type

Compensation

PROACCOUNT1 year

Service code 26 · EIN 73-0988442

10 W NATIONWIDE BLVD · COLUMBUS, OH 43215

Advisory (Participants)

$62,344

NATIONWIDE7 years

Service code 15 · EIN 31-4156830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$30,967

CECILCO7 years

Service code 13 · EIN 43-4923457

14881 QUORUM DR · DALLAS, TX 75254

Contract Administrator

$21,601

PROSPERA FINANCIAL SERVICES7 years

Service code 27

Advisory (Plan)

$18,031

BAIRD FUNDS1 year

Filed as: ROBERT CECIL JR

Service code 26 · EIN 43-0923457

14881 QUORUM DRIVE · DALLAS, TX 75240

Advisory (Participants)

$9,244

PROSPERA FINANCIAL SERVICES6 years

Filed as: PROSPERA FINANCIAL SERVICES, INC

Service code 27 · EIN 75-1832551

5429 LBJ FRW · DALLAS, TX 75240

Advisory (Plan)

FIRST CO. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIRST CO. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion