FIRST STATE BANCSHARES, INC. 401(K) PROFIT SHARING AND TRUST

Plan Contact

Address: 201 E. COLUMBIA,FARMINGTON,MO
Contact person: KELLY LEGAN
Phone: (573) 756-4547

Plan General Information

FIRST STATE BANCSHARES, INC. 401(K) PROFIT SHARING AND TRUST Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of FIRST STATE BANCSHARES, INC. 401(K) PROFIT SHARING AND TRUST is $46,101,547.00.This plan was established in 1986.

FIRST STATE BANCSHARES, INC. 401(K) PROFIT SHARING AND TRUST Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in FIRST STATE BANCSHARES, INC. 401(K) PROFIT SHARING AND TRUST is 754

FIRST STATE BANCSHARES, INC. 401(K) PROFIT SHARING AND TRUST Average Participant Retirement Account Value

In 2023, the average participant retirement account value for FIRST STATE BANCSHARES, INC. 401(K) PROFIT SHARING AND TRUST is $61,142.00

FIRST STATE BANCSHARES, INC. 401(K) PROFIT SHARING AND TRUST Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for FIRST STATE BANCSHARES, INC. 401(K) PROFIT SHARING AND TRUST is $3,261.00.

FIRST STATE BANCSHARES, INC. 401(K) PROFIT SHARING AND TRUST Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in FIRST STATE BANCSHARES, INC. 401(K) PROFIT SHARING AND TRUST is approximately $3,080.00
Investing in this additonal $3,080.00 for 20 years would give you extra $197,134.00, assuming a 10% annual return.

FIRST STATE BANCSHARES, INC. 401(K) PROFIT SHARING AND TRUST Total Employer Contribution and Match Rate

In 2023, FIRST STATE BANCSHARES, INC. 401(K) PROFIT SHARING AND TRUST allocates $2,322,488.00 to match its employees' contributions, providing an employer match rate of 84.93% of their contributions

FIRST STATE BANCSHARES, INC. 401(K) PROFIT SHARING AND TRUST Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of FIRST STATE BANCSHARES, INC. 401(K) PROFIT SHARING AND TRUST is 19.43%.

FIRST STATE BANCSHARES, INC. 401(K) PROFIT SHARING AND TRUST Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for FIRST STATE BANCSHARES, INC. 401(K) PROFIT SHARING AND TRUST is 16.88%. This measures the effectiveness of the plan participants' investments in the year.

FIRST STATE BANCSHARES, INC. 401(K) PROFIT SHARING AND TRUST Expense Ratio

In 2023, the investment and administrative expense ratio of FIRST STATE BANCSHARES, INC. 401(K) PROFIT SHARING AND TRUST is 0.28%.

Enrollment Features

FIRST STATE BANCSHARES, INC. 401(K) PROFIT SHARING AND TRUST has the following features:
Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.

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