Retirement plan

FIRST COMMUNITY BANCSHARES, INC.EMPLOYEES' PROFIT SHARING PLAN

Name: FIRST COMMUNITY BANCSHARES, INC. - FIRST COMMUNITY BANCSHARES, INC.EMPLOYEES' PROFIT SHARING PLAN (2024) Form 5500
Creator: FIRST COMMUNITY BANCSHARES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRST COMMUNITY BANCSHARES, INC.EMPLOYEES' PROFIT SHARING PLAN, FIRST COMMUNITY BANCSHARES, INC.

FIRST COMMUNITY BANCSHARES, INC.EIN 76-0035013Plan #002PY 2024

901 E CENTRAL TEXAS EXPRESSWAY - KILLEEN, TX 76541254-554-4392

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$142.3M

+16.0% from 2023

Total participants

3,304

+21.0% from 2023

Average account balance

$69,706

+9.4% from 2023

Annual return

15.55%

-3.22 pp from 2023

Benchmarks

See 609 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort609 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$142.27M

Not enough data

1 years with asset history on file

Average account balance

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

$70K

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.

2,041

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.

53.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$10.83M

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

+15.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$27

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

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786	Loan Processing	$40,912
STRATEGIC ADVISORS, INC.2 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$13,660

Plan features & details

Pension benefit codes2F2E2J2K2T2R

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).
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.

Opportunity flags

2 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.

Expense breakdown

Schedule H Part II

Admin total

$55K

$21 / participant

Recordkeeping$41K73.8%
Investment mgmt$14K24.6%
Contract admin$9001.6%

% of EOY assets

0.039%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HAM, LANGSTON & BREZINA L.L.P.
Auditor EIN: 760448495
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$69,706

$122,585-43.1%

$184,256-62.2%

$200,096-65.2%

Participation rate

53.0%

86.9%-33.9pp

86.8%-33.8pp

72.0%-19.0pp

Annual return

15.55%

144.12%-128.6pp

28.85%-13.3pp

34.26%-18.7pp

Employer contribution / active EE

$1,749

$4,571-61.7%

$6,427-72.8%

$3,038-42.4%

Participant deferral / active EE

$2,279

$7,972-71.4%

$9,133-75.0%

$5,090-55.2%

Admin fee / account holder

$27

$120-77.4%

$13,899-99.8%

$269-89.9%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Service code 37 · EIN 04-2647786

Loan Processing

$40,912

STRATEGIC ADVISORS, INC.2 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$13,660

FIRST COMMUNITY BANCSHARES, INC.EMPLOYEES' PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIRST COMMUNITY BANCSHARES, INC.EMPLOYEES' PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

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