Employers › FB Financial
Recordkeeping fees per participant · Firstbank 401(k) Savings Plan & Trust · plan year 2024
$84.64
Higher than 62% of the 5,847 plans $50 to 250M that report it.
= $155,154 / 1,833
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250709184508NAL0013572754001, received 2025-07-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250709184508NAL0013572754001, received 2025-07-09
Percentiles compare this plan with the Schedule H plans $50 to 250M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-07-09.
Administrative expenses excluding investment management, per participant
$98.21
Higher than 53% of the 8,758 plans $50 to 250M that report it.
= $180,010 / 1,833
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250709184508NAL0013572754001, received 2025-07-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250709184508NAL0013572754001, received 2025-07-09
Administrative expenses per participant
$135.27
Higher than 51% of the 9,042 plans $50 to 250M that report it.
= $247,950 / 1,833
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250709184508NAL0013572754001, received 2025-07-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250709184508NAL0013572754001, received 2025-07-09
Administrative expenses as a share of assets
0.223%
Higher than 74% of the 9,049 plans $50 to 250M that report it.
= $247,950 / $111,280,552
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250709184508NAL0013572754001, received 2025-07-09
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250709184508NAL0013572754001, received 2025-07-09
Employer contributions per participant
$1,823
Higher than 28% of the 9,105 plans $50 to 250M that report it.
= $3,341,883 / 1,833
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250709184508NAL0013572754001, received 2025-07-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250709184508NAL0013572754001, received 2025-07-09
Employer share of total contributions
22.5%
Higher than 27% of the 9,112 plans $50 to 250M that report it.
= $3,341,883 / $14,840,569
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250709184508NAL0013572754001, received 2025-07-09
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250709184508NAL0013572754001, received 2025-07-09
Employer match
“The Company provides an employer matching contribution up to 4% of an employee’s plan eligible pay, based on the employee’s contribution level, with any such matching contributions vesting ratably over a three‑year period.”
Form 10-K filed 2026-02-26, for the year ended 2025-12-31 · benefits note, 10-K benefits note · source document
Vesting
“Vesting in the Plan Sponsor’s matching contribution portion of their accounts is based on years of continuous service.”
Form 11-K filed 2026-06-22, for the year ended 2025-12-31 · plan description note, vesting · source document
Automatic enrollment
“The Plan includes an auto-enrollment provision whereby all newly eligible employees are automatically enrolled in the Plan unless they affirmatively elect not to participate in the Plan.”
Form 11-K filed 2026-06-22, for the year ended 2025-12-31 · plan description note, contributions · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250709184508NAL0013572754001, received 2025-07-09
| Field | Value | Source |
|---|---|---|
| Plan sponsor | FB FINANCIAL CORPORATION | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250709184508NAL0013572754001, received 2025-07-09 |
| Plan name | FIRSTBANK 401(K) SAVINGS PLAN & TRUST | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250709184508NAL0013572754001, received 2025-07-09 |
| Sponsor EIN / plan number | 62-1216058 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250709184508NAL0013572754001, received 2025-07-09 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250709184508NAL0013572754001, received 2025-07-09 |
| Sponsor location | NASHVILLE, TN | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250709184508NAL0013572754001, received 2025-07-09 |
| Industry (business code) | 522110, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250709184508NAL0013572754001, received 2025-07-09 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250709184508NAL0013572754001, received 2025-07-09 |
| Filing received | 2025-07-09 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250709184508NAL0013572754001, received 2025-07-09 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250709184508NAL0013572754001, received 2025-07-09 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250709184508NAL0013572754001, received 2025-07-09 |
| Participants, beginning of year | 1,921 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250709184508NAL0013572754001, received 2025-07-09 |
| Active participants | 1,429 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250709184508NAL0013572754001, received 2025-07-09 |
| Participants, end of year | 1,875 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250709184508NAL0013572754001, received 2025-07-09 |
| Participants with an account balance | 1,833 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250709184508NAL0013572754001, received 2025-07-09 |
| Total assets, beginning of year | $99,501,413 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250709184508NAL0013572754001, received 2025-07-09 |
| Total assets, end of year | $111,280,552 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250709184508NAL0013572754001, received 2025-07-09 |
| Net assets, end of year | $111,280,552 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250709184508NAL0013572754001, received 2025-07-09 |
| Total income | $29,012,519 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250709184508NAL0013572754001, received 2025-07-09 |
| Net income | $11,779,139 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250709184508NAL0013572754001, received 2025-07-09 |
| Employer contributions | $3,341,883 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250709184508NAL0013572754001, received 2025-07-09 |
| Participant contributions | $8,783,653 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250709184508NAL0013572754001, received 2025-07-09 |
| Other contributions (incl. rollovers) | $2,715,033 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250709184508NAL0013572754001, received 2025-07-09 |
| Total contributions | $14,840,569 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250709184508NAL0013572754001, received 2025-07-09 |
| Benefit payments | $16,980,579 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250709184508NAL0013572754001, received 2025-07-09 |
| Total expenses (incl. benefit payments) | $17,233,380 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250709184508NAL0013572754001, received 2025-07-09 |
| Total administrative expenses | $247,950 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250709184508NAL0013572754001, received 2025-07-09 |
| Recordkeeping fees | $155,154 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250709184508NAL0013572754001, received 2025-07-09 |
| Investment advisory and management fees | $67,940 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250709184508NAL0013572754001, received 2025-07-09 |
| Administrative expenses excluding investment management | $180,010 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250709184508NAL0013572754001, received 2025-07-09 |
| Held in mutual funds | $110,103,346 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250709184508NAL0013572754001, received 2025-07-09 |
| Independent auditor | HORNE LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250709184508NAL0013572754001, received 2025-07-09 |
Position = column in the DOL layout for form year 2024. Filing 20250709184508NAL0013572754001, received 2025-07-09.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONSrecordkeeper | RECORDKEEPER | 12 Claims processing; 15 Recordkeeping and information management; 28 Investment management; 37 Participant loan processing; 38 Participant communication; 50 Direct payment from the plan; 54 Sales loads (front end and deferred); 59 Shareholder servicing fees; 61 Finders fees / placement fees; 62 Float revenue; 63 Distribution (12b-1) fees; 64 Recordkeeping fees | $155,154 | yes |
| CAMBRIDGE INVESTMENT RESEARCH ADVIS | INVESTMENT ADVISOR | 27 Investment advisory (plan); 50 Direct payment from the plan | $37,628 | no |
| ACCESS RETIREMENT | INVESTMENT ADVISOR | 27 Investment advisory (plan); 50 Direct payment from the plan | $30,312 | no |
| HORNE, LLP | ACCOUNTANT | 10 Accounting (including auditing); 65 Account maintenance fees | $24,156 | no |
| NATIONAL FINANCIAL SERVICES | SECURITIES BROKER | 33 Securities brokerage; 71 Securities brokerage commissions and fees | $0 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250709184508NAL0013572754001, received 2025-07-09.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $99,501,413 | $111,280,552 | 11.8% |
| Participants with a balance | 1,862 | 1,833 | -1.6% |
| Administrative expenses | $269,986 | $247,950 | -8.2% |
| Recordkeeping fees per participant | $85.47 | $84.64 | -1.0% |
| Employer contributions | $3,415,452 | $3,341,883 | -2.2% |
Prior filing 20240623115910NAL0010444306001, received 2024-06-23; the plan years are contiguous.
Sponsor name as filed: FB FINANCIAL CORPORATION; SEC registrant: FB Financial Corp (CIK 1649749, matched by EIN; display name from the Form 10-K cover).