Department of Labor filing

FIRST BANK OF THE LAKE

FIRST BANK OF THE LAKE SAVINGS & RETIREMENT PLAN · For the plan year ended Dec 31, 2024

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Public filing 2024 · received Sep 24, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

52filing comparison
out of 100

The filing looks broadly typical among comparable plans. This is a filing comparison, not a complete benefits score.

$Employer support

$3,837

Reported employer contributions per active participant.

Higher than about 61% of comparable plans

#People in the filing

257

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$263 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 31% of comparable plans

↗Investment performance

Not available

Plan assets changed 66.1%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202452out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions61st percentileTypical peer $3,279 · based on 1,427 comparable plans

Lower reported administrative expense31st percentileTypical peer $184 · based on 1,443 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, FIRST BANK OF THE LAKE reported $986,173 in employer contributions across the plan and 257 active participants. That works out to $3,837 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy86%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendUp 32.7%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendUp 811.9%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context52/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $986,173
Participant contributions: $2,003,560
Other contributions: $545,430
Employer share of reported contributions: 33.0%
Beginning assets: $5,971,381
Ending assets: $9,918,416
Ending net assets: $9,912,518
Ending liabilities: $5,898
Total income: $4,562,811
Total expenses: $621,674
Administrative expenses: $55,675
Participant loans: $235,417

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$2,893

2023

$4,092

2024

$3,837

Plan-paid administrative expenses per participant

2022

$29

2023

$189

2024

$263

Active participants

2022

174

2023

179

2024

257

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$3,837	257	9.9M	20250924142409NAL0007667233001
2023	$4,092	179	6M	20240909141129NAL0005578209001
2022	$2,893	174	3.7M	20231014100629NAL0034816641001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 2.4%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Yes
Public plan identifier: 431397506-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Jun 1, 1995
Industry: Finance and insurance
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2E2F2G2J2K2T3D

Current plan terms

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Filing ACK_ID20250924142409NAL0007667233001

Data sourceDOL Form 5500 bulk data ↗

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