401k Record

Employers › First National Bank of Hutchinson

First National Bank of Hutchinson 401(k)

Recordkeeping fees per participant · The First National Bank of Hutchinson Profit Sharing & 401(k) Plan · plan year 2024

$216.16

Higher than 96% of the 5,847 plans $50 to 250M that report it.

Source

= $57,715 / 267
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251014082700NAL0002403313001, received 2025-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014082700NAL0002403313001, received 2025-10-14

10th: $10.22median $69.9190th: $151.08

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 2025-10-14.

Cost and contributions

Administrative expenses excluding investment management, per participant

$216.16

10th: $16.21median $93.2090th: $246.84

Higher than 87% of the 8,758 plans $50 to 250M that report it.

Source

= $57,715 / 267
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251014082700NAL0002403313001, received 2025-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014082700NAL0002403313001, received 2025-10-14

Administrative expenses per participant

$216.16

10th: $29.39median $132.8490th: $350.58

Higher than 74% of the 9,042 plans $50 to 250M that report it.

Source

= $57,715 / 267
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251014082700NAL0002403313001, received 2025-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014082700NAL0002403313001, received 2025-10-14

Administrative expenses as a share of assets

0.102%

10th: 0.022%median 0.136%90th: 0.326%

Higher than 38% of the 9,049 plans $50 to 250M that report it.

Source

= $57,715 / $56,554,776
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251014082700NAL0002403313001, received 2025-10-14
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251014082700NAL0002403313001, received 2025-10-14

Employer contributions per participant

$3,272

10th: $965median $2,73890th: $8,164

Higher than 59% of the 9,105 plans $50 to 250M that report it.

Source

= $873,687 / 267
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251014082700NAL0002403313001, received 2025-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014082700NAL0002403313001, received 2025-10-14

Employer share of total contributions

38.1%

10th: 15.6%median 29.5%90th: 50.6%

Higher than 73% of the 9,112 plans $50 to 250M that report it.

Source

= $873,687 / $2,293,660
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251014082700NAL0002403313001, received 2025-10-14
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251014082700NAL0002403313001, received 2025-10-14

Plan terms, as stated in First National Bank of Hutchinson's SEC filings

Plan terms are not published in public filings.

Plan features

2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251014082700NAL0002403313001, received 2025-10-14

Full record, The First National Bank of Hutchinson Profit Sharing & 401(k) Plan

FieldValueSource
Plan sponsorTHE FIRST NATIONAL BANK OF HUTCHINSONForm 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251014082700NAL0002403313001, received 2025-10-14
Plan nameTHE FIRST NATIONAL BANK OF HUTCHINSON PROFIT SHARING & 401K PLANForm 5500, line 1a; PLAN_NAME pos 16; filing 20251014082700NAL0002403313001, received 2025-10-14
Sponsor EIN / plan number48-0273305 / 001Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251014082700NAL0002403313001, received 2025-10-14
Plan typesingle-employerForm 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251014082700NAL0002403313001, received 2025-10-14
Sponsor locationHUTCHINSON, KSForm 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251014082700NAL0002403313001, received 2025-10-14
Industry (business code)522110, Finance and insuranceForm 5500, line 2d; BUSINESS_CODE pos 46; filing 20251014082700NAL0002403313001, received 2025-10-14
Plan year2024-01-01 to 2024-12-31Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251014082700NAL0002403313001, received 2025-10-14
Filing received2025-10-14Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251014082700NAL0002403313001, received 2025-10-14
Final filingnoForm 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251014082700NAL0002403313001, received 2025-10-14
Amended filingnoForm 5500, Part I line B; AMENDED_IND pos 7; filing 20251014082700NAL0002403313001, received 2025-10-14
Participants, beginning of year272Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251014082700NAL0002403313001, received 2025-10-14
Active participants193Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251014082700NAL0002403313001, received 2025-10-14
Participants, end of year272Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251014082700NAL0002403313001, received 2025-10-14
Participants with an account balance267Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014082700NAL0002403313001, received 2025-10-14
Total assets, beginning of year$50,900,724Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251014082700NAL0002403313001, received 2025-10-14
Total assets, end of year$56,554,776Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251014082700NAL0002403313001, received 2025-10-14
Net assets, end of year$56,554,776Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251014082700NAL0002403313001, received 2025-10-14
Total income$9,345,395Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251014082700NAL0002403313001, received 2025-10-14
Net income$5,654,052Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251014082700NAL0002403313001, received 2025-10-14
Employer contributions$873,687Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251014082700NAL0002403313001, received 2025-10-14
Participant contributions$1,073,394Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251014082700NAL0002403313001, received 2025-10-14
Other contributions (incl. rollovers)$346,579Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251014082700NAL0002403313001, received 2025-10-14
Total contributions$2,293,660Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251014082700NAL0002403313001, received 2025-10-14
Benefit payments$3,633,628Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251014082700NAL0002403313001, received 2025-10-14
Total expenses (incl. benefit payments)$3,691,343Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251014082700NAL0002403313001, received 2025-10-14
Total administrative expenses$57,715Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251014082700NAL0002403313001, received 2025-10-14
Recordkeeping fees$57,715Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251014082700NAL0002403313001, received 2025-10-14
Administrative expenses excluding investment management$57,715derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251014082700NAL0002403313001, received 2025-10-14
Held in common/collective trusts$2,417,935Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251014082700NAL0002403313001, received 2025-10-14
Held in mutual funds$53,414,395Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251014082700NAL0002403313001, received 2025-10-14
Independent auditorALLEN, GIBBS & HOULIK, L.C.Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251014082700NAL0002403313001, received 2025-10-14

Position = column in the DOL layout for form year 2024. Filing 20251014082700NAL0002403313001, received 2025-10-14.

Service providers paid directly by the plan

ProviderRelationshipService codesDirect compensationIndirect
NESTEGG UrecordkeeperRECORDKEEPER 15 Recordkeeping and information management $57,715no

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 20251014082700NAL0002403313001, received 2025-10-14.

What changed since the 2023 plan year

Figure20232024Change
Total assets$50,900,724$56,554,77611.1%
Participants with a balance2652670.8%
Administrative expenses$46,545$57,71524.0%
Recordkeeping fees per participant$175.64$216.1623.1%
Employer contributions$790,028$873,68710.6%

Prior filing 20241015140703NAL0058027618001, received 2024-10-15; the plan years are contiguous.

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Sponsor name as filed: THE FIRST NATIONAL BANK OF HUTCHINSON; SEC registrant: First National Bank of Hutchinson (CIK 1313871, matched by EIN).