Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › First Northwest Bancorp
First Northwest Bancorp 401(k)
- FNWB Nasdaq
- Finance and insurance
- Port Angeles, WA
- EIN 91-0369590
- 1 plan with Schedule H financials
- Plan year 2024
- filed as First FED Bank
Administrative expenses excluding investment management, per participant · First FED Bank 401(k) Plan · plan year 2024
$240.73
Higher than 80% of the 24,371 plans $10 to 50M that report it.
Source
= $72,461 / 301
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251219165323NAL0003529971001, received 2025-12-19
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251219165323NAL0003529971001, received 2025-12-19
Percentiles compare this plan with the Schedule H plans $10 to 50M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-07-01 to 2025-06-30, filing received 2025-12-19.
Cost and contributions
Administrative expenses per participant
$318.58
Higher than 75% of the 25,098 plans $10 to 50M that report it.
Source
= $95,892 / 301
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251219165323NAL0003529971001, received 2025-12-19
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251219165323NAL0003529971001, received 2025-12-19
Administrative expenses as a share of assets
0.465%
Higher than 78% of the 25,132 plans $10 to 50M that report it.
Source
= $95,892 / $20,607,664
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251219165323NAL0003529971001, received 2025-12-19
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251219165323NAL0003529971001, received 2025-12-19
Employer contributions per participant
$1,755
Higher than 40% of the 24,050 plans $10 to 50M that report it.
Source
= $528,203 / 301
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251219165323NAL0003529971001, received 2025-12-19
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251219165323NAL0003529971001, received 2025-12-19
Employer share of total contributions
14.0%
Higher than 12% of the 24,084 plans $10 to 50M that report it.
Source
= $528,203 / $3,764,816
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251219165323NAL0003529971001, received 2025-12-19
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251219165323NAL0003529971001, received 2025-12-19
Plan terms, as stated in First Northwest Bancorp's SEC filings
Employer match
“The Company matches 50% of employee contributions up to 6% of eligible compensation deferred to the Plan.”
Form 11-K filed 2025-12-19, for the year ended 2025-06-30 · plan description note, contributions · source document
Eligibility
“Eligibility - Effective September 15, 2020, all employees of the Company are eligible to participate in the Plan upon hire and having reached the minimum age requirement of 18 years.”
Form 11-K filed 2025-12-19, for the year ended 2025-06-30 · plan description note, general (fallback) · source document
Automatic enrollment
“Employees are automatically enrolled for participation at 3% upon entry with 1% annual increases up to 6%.”
Form 11-K filed 2025-12-19, for the year ended 2025-06-30 · plan description note, contributions · source document
Terms quoted from the filing for the year ended 2025-06-30. Figures cover plan year 2024. The plan document governs.
Plan features
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 · 3F · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251219165323NAL0003529971001, received 2025-12-19
Full record, First FED Bank 401(k) Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | FIRST FED BANK | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251219165323NAL0003529971001, received 2025-12-19 |
| Plan name | FIRST FED BANK 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251219165323NAL0003529971001, received 2025-12-19 |
| Sponsor EIN / plan number | 91-0369590 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251219165323NAL0003529971001, received 2025-12-19 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251219165323NAL0003529971001, received 2025-12-19 |
| Sponsor location | PORT ANGELES, WA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251219165323NAL0003529971001, received 2025-12-19 |
| Industry (business code) | 522110, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251219165323NAL0003529971001, received 2025-12-19 |
| Plan year | 2024-07-01 to 2025-06-30 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251219165323NAL0003529971001, received 2025-12-19 |
| Filing received | 2025-12-19 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251219165323NAL0003529971001, received 2025-12-19 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251219165323NAL0003529971001, received 2025-12-19 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251219165323NAL0003529971001, received 2025-12-19 |
| Participants, beginning of year | 332 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251219165323NAL0003529971001, received 2025-12-19 |
| Active participants | 244 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251219165323NAL0003529971001, received 2025-12-19 |
| Participants, end of year | 307 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251219165323NAL0003529971001, received 2025-12-19 |
| Participants with an account balance | 301 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251219165323NAL0003529971001, received 2025-12-19 |
| Total assets, beginning of year | $18,574,499 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251219165323NAL0003529971001, received 2025-12-19 |
| Total assets, end of year | $20,607,664 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251219165323NAL0003529971001, received 2025-12-19 |
| Net assets, end of year | $20,607,664 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251219165323NAL0003529971001, received 2025-12-19 |
| Total income | $6,150,822 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251219165323NAL0003529971001, received 2025-12-19 |
| Net income | $2,033,165 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251219165323NAL0003529971001, received 2025-12-19 |
| Employer contributions | $528,203 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251219165323NAL0003529971001, received 2025-12-19 |
| Participant contributions | $1,875,564 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251219165323NAL0003529971001, received 2025-12-19 |
| Other contributions (incl. rollovers) | $1,361,049 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251219165323NAL0003529971001, received 2025-12-19 |
| Total contributions | $3,764,816 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251219165323NAL0003529971001, received 2025-12-19 |
| Benefit payments | $4,040,811 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251219165323NAL0003529971001, received 2025-12-19 |
| Total expenses (incl. benefit payments) | $4,117,657 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251219165323NAL0003529971001, received 2025-12-19 |
| Total administrative expenses | $95,892 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251219165323NAL0003529971001, received 2025-12-19 |
| Contract administrator fees | $72,461 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251219165323NAL0003529971001, received 2025-12-19 |
| Investment advisory and management fees | $23,431 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251219165323NAL0003529971001, received 2025-12-19 |
| Administrative expenses excluding investment management | $72,461 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251219165323NAL0003529971001, received 2025-12-19 |
| Held in mutual funds | $19,497,165 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251219165323NAL0003529971001, received 2025-12-19 |
| Independent auditor | BAKER TILLY US, LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251219165323NAL0003529971001, received 2025-12-19 |
Position = column in the DOL layout for form year 2024. Filing 20251219165323NAL0003529971001, received 2025-12-19.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANYrecordkeeper | CONTRACT ADMINISTRATOR | 13 Contract administrator; 37 Participant loan processing; 50 Direct payment from the plan; 64 Recordkeeping fees | $72,461 | yes |
| SCS | INVESTMENT ADVISORY | 27 Investment advisory (plan); 50 Direct payment from the plan | $23,431 | 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 20251219165323NAL0003529971001, received 2025-12-19.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $18,574,499 | $20,607,664 | 10.9% |
| Participants with a balance | 317 | 301 | -5.0% |
| Administrative expenses | $84,070 | $95,892 | 14.1% |
| Recordkeeping fees per participant | not reported | not reported | |
| Employer contributions | $553,334 | $528,203 | -4.5% |
Prior filing 20241223113038NAL0004907651001, received 2024-12-23; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: FIRST FED BANK; SEC registrant: First Northwest Bancorp (CIK 1556727, matched by 11-K plan title; display name from the Form 11-K cover).