Department of Labor filing

FIRST FEDERAL SAVINGS BANK

FIRST FEDERAL SAVINGS BANK 401(K) PROFIT SHARING PLAN · For the plan year ended Dec 31, 2024

Public filing 2024 · received Oct 14, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

74filing comparison
out of 100

The filing looks somewhat better than typical peers on the measures we can compare. This is a filing comparison, not a complete benefits score.

$Employer support

$4,764

Reported employer contributions per active participant.

Higher than about 75% of comparable plans

#People in the filing

275

Active participants reported for 2024.

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

¢Visible plan-paid fees

$96 / participant

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

Lower cost than about 72% of comparable plans

↗Investment performance

Not available

Plan assets changed 16.2%, 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 · 202474out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions75th percentileTypical peer $3,279 · based on 1,427 comparable plans

Lower reported administrative expense72nd 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 FEDERAL SAVINGS BANK reported $1,310,208 in employer contributions across the plan and 275 active participants. That works out to $4,764 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 proxy72%

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 trendDown 7.2%

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

Expense trendUp 0.3%

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

Peer context74/100

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: $1,310,208
Participant contributions: $1,504,112
Other contributions: $14,795
Employer share of reported contributions: 46.6%
Beginning assets: $34,133,710
Ending assets: $39,675,261
Ending net assets: $39,665,225
Ending liabilities: $10,036
Total income: $7,167,601
Total expenses: $1,631,999
Administrative expenses: $36,595
Participant loans: $301,351

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

$5,132

2023

$4,282

2024

$4,764

Plan-paid administrative expenses per participant

2022

$95

2023

$88

2024

$96

Active participants

2022

258

2023

294

2024

275

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$4,764	275	39.7M	20251014160842NAL0004472320001
2023	$4,282	294	34.1M	20240729160531NAL0011217555001
2022	$5,132	258	28.6M	20230731152756NAL0022329120001

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: 0.8%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Yes
Public plan identifier: 820172244-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Jan 1, 1993
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
2E2F2G2J2K3D2T

Reported service providers

Organizations named in the latest filing

The public dataset does not always identify a provider’s exact role. Compensation stays blank when it was not separately reported.

Provider	Plan year	Direct compensation	Indirect compensation
AMERICAN UNITED LIFE INSURANCE CO	2024	Not reported	unknown
BENEFITS2 ADMINISTRATORS	2024	Not reported	unknown

Current plan terms

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Filing ACK_ID20251014160842NAL0004472320001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗