A current plan document is needed to verify the formula.
Department of Labor filing
Spot something wrong?1ST SOURCE HEATING AND AIR, LLC
1ST SOURCE HEATING AND AIR, LLC 401(K) PROFIT SHARING PLAN · For the plan year ended Dec 31, 2025
Public filing 2025 · received May 6, 2026Verified current terms Not available
Plan summary
The numbers that matter first
On the filing measures we can compare, this plan looks somewhat stronger than typical peers.
70plan health
high confidence
high confidence
$4,711 was reported per active participant, but this is not a match limit.
nder the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA.
dship withdrawals are strictly regulated by the IRS.
he Plan permits participant Roth contributions and catch-up Roth contributions subject to the same IRS limits described above.
eligible compensation, up to $23,500 in 2025 and $23,000 in 2024, as defined by Internal Revenue Service (IRS) limits
st Source Bank is the trustee of the Plan.
ect to defer up to an additional $7,500, while those aged between 60-63 may elect to defer up to an additional $11,250, called catch-up contributions. The Plan permits participant Roth contributions and catch-up Roth contributions subject to the same IRS limits described above. Participants direct their contributions into various investment options offered by the Plan. The Plan currently offers 18 different fund options, one of which is 1st Source common stock. The Plan provides for the following 1st Source contributions to eligible full-time participants: Matching Contribution — contribution is discretionary. The first 4 % of a participant’s eligible compensation contributed to the Plan is matched 100 %, and the next 2 % of a participant’s eligible compensation contributed to the Plan is
Up 0.0% over the filing history shown.
Participation up 0.0% · assets up 0.0% · loans 0.0% of assets
How the score works →What this tells you: company-wide scale, reported employer support, participation activity, visible administrative cost, and historical direction.
Keep in mind: public filings do not show employee investment returns. Scores use only available measures; missing information lowers confidence, never the score. Current match, vesting, eligibility, investments, and employee-paid fees still require a current plan document.
Filing comparison · 202566out of 100 among similar-size plans in the same industry when enough peers exist
How this filing compares
Reported employer contributions84th percentileTypical peer $1,879 · based on 35,497 comparable plans
Lower reported administrative expense25th percentileTypical peer $96 · based on 31,706 comparable plans
This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.
Peer-group method: industry size. The comparison used the most specific peer group with enough valid filings.
The short version
What employees should know
For the year ended Dec 31, 2025, 1ST SOURCE HEATING AND AIR, LLC reported $42,395 in employer contributions across this plan, or $4,711 per active participant. This is the best company-wide filing average available—not a promise of what any one employee receives.
Up 0.0% across the filing years shown. The filing does not report every employee who was eligible.
Change in employer contributions per active participant.
Change in reported administrative cost per participant. Fund expenses may be separate.
Compared with similarly sized plans in the same industry.
What this public record cannot answer
For the current match, vesting rules, eligibility, employee fees, and investment choices, we need a recent plan document. We leave those details blank until we have one.
Money and scale
Contributions, assets, and expenses
These are plan-wide totals. They are not individual account balances.
- Employer contributions
- $42,395 $4,711 per active participant
- Participant contributions
- $79,949
- Other contributions
- Not reported Amounts not classified as employer or participant contributions
- Employer share of contributions
- 34.7%
- Active participants
- 9 Small plan
- Total participants
- 15 16 at the beginning of the year
- Ending assets
- $369,477 $24,632 per participant
- Net-asset change
- Up 0.0% Not the same as investment performance
- Beginning net assets
- $258,967
- Ending net assets
- $369,477
- Beginning liabilities
- $0
- Ending liabilities
- $0
- Total income
- $181,368
- Total expenses
- $70,858
- Administrative expenses
- $5,923 $395 per active participant
- Participant loans
- $0 0.0% of plan assets
Three-year filing history
How the reported figures changed
Each chart uses the selected public filing for that year. Missing values remain blank rather than becoming zero.
2025
$4,711
2025
$395
2025
9
2025
$369,477
2025
0.0%
| Plan year | Employer money per active participant | Active participants | Plan assets |
|---|---|---|---|
| 2025 | $4,711 | 9 | 369.5K |
Changes in plan assets are not the same as investment performance.
Plan health
Operational signals worth checking
- Participant loans as a share of plan assets
- 0.0%
- Independent accountant’s opinion
- Not stated in the filing
- Late participant contributions reported
- Not reportedA “yes” needs context and is not, by itself, proof of wrongdoing.
- Loan defaults reported
- Not reported
- Lease defaults reported
- Not reportedOnly a small number of filings report these events.
- Nonexempt transactions reported
- Not reported
- Public plan identifier
- 822526443-001
Reported plan details
Identity and filing status
- Plan type
- Retirement plan
- Employer arrangement
- 1
- Plan effective date
- Jan 1, 2022
- Industry
- Construction
- Amended filing
- No
- Final filing for this plan
- No
- Short plan year
- No
- 401(k) feature reported
- Yes
Show DOL characteristic codes
2A2E2J2K2F2G3D
Company filings
What the company has told the SEC about this plan
We found these passages in official company filings. They may help explain the plan, but we do not treat them as current benefits until the wording and date have been checked.
11-K · report period Dec 31, 20251ST SOURCE CORP — 11-K filed 2026-06-25 ↗
Official filing · details not yet checkedWhat it says about vesting
nder the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of plan termination, participants will become fully vested in their accounts. Note 2. Summary of Significant Accounting Policies Basis of Accounting The accompanying financial statements have been prepared on the accrual basis of accounting. Use of Estimates The financial statements of the Plan are prepared in conformity with United States generally accepted accounting principles (GAAP), which require management to make estimates and assumptions that affect amounts in the financial statements, accompanying notes, and supplemental schedule. Actual results could differ from those estimates. - 5 - Payment of Benefits Benefits are recorded when paid. Notes Recei
What it says about automatic enrollment
st Source Bank is the trustee of the Plan. The Plan changed record-keepers from FuturePlan by Ascensus to American Trust Custody effective June 30, 2025. Eligible participants are automatically enrolled in the Plan once they have completed 90 consecutive days of service unless they affirmatively decline to participate. The Plan has an automatic pre-tax deferral of 6 % of compensation if a participant does not elect a different compensation deferral percentage. Contributions Participants are permitted to defer, through salary deduction, up to 100 % of their annual eligible compensation, up to $23,500 in 2025 and $23,000 in 2024, as defined by Internal Revenue Service (IRS) limits. In addition, participants aged between 50-59 may elect to defer up to an additional $7,500, while those aged be
What it says about fees
dship withdrawals are strictly regulated by the IRS. The Plan does not require a participant to have obtained the maximum loan permitted in order to receive a hardship withdrawal. Administrative Expenses The Plan’s administrative expenses are paid by either the Plan or 1st Source, as provided by the Plan’s provisions. Administrative expenses paid by the Plan include record-keeping fees. Expenses relating to purchases, sales, or transfers of the Plan’s investments are charged to the particular investment fund to which the expenses relate. Plan Termination Although it has not expressed any intention to do so, 1st Source has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of plan termination, part
Current plan terms
Help fill the gap the filing leaves.
If you have a current SPD, fee disclosure, or enrollment guide, you can share it with us. We check the source and date before adding anything to the profile.
Filing evidence
Open the selected public records
We use the latest valid received filing for each year after resolving amendments and duplicate records. Open the source to check the original filing.
Filing ACK_ID20260506092529NAL0001935073001
Data sourceDOL Form 5500 bulk data ↗
Filing searchEFAST2 ↗