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Original filing (PDF)20251015141623NAL0004801233001
FIRST FARMERS FINANCIAL CORP.
Form 5500
FILING_RECEIVED
FIRST FARMERS FINANCIAL CORP. 401K PROFIT SHARING PLAN
401(k) retirement plan
Signals · 2
11% employer stock6 service providers
Active participants
351
Accounts w/ balance
426
Plan assets (EOY)
$40.2M
Net assets (EOY)
$40.2M
How this plan invests
This plan
33 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
93
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
88
Total plan cost
80
Vendor stack
100
Participation health
100
Knocking points off
- 11% of plan in employer / sponsor stock.
- 39 bps in Schedule C fees — modestly above peer band of 29 bps.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for FIRST FARMERS FINANCIAL CORP..
Plan sponsor
Name
FIRST FARMERS FINANCIAL CORP.
EIN
31-1248326
Address
PO BOX 690 · 123 N JEFFERSON · CONVERSE, IN · 469190690
Phone
(765) 395-3486
Industry
Commercial Banking· Finance & Insurancesee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
002
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-15
Pension benefit codes
2E · Profit-sharing
2G · Total participant-directed accounts
2J · 401(k) feature
2K · 401(m) arrangement
2T · Default investment account (QDIA)
3D · Pre-approved plan (master / prototype / VS)
3H · Sponsor in controlled / affiliated group
Audit & trust (Schedule H)
Auditor
FORVIS MAZARS, LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
6 rowsRecordkeeper
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | — | GREENWOOD VILLAGE, CO | RECORDKEEPER | $37K | — |
Advisor / Consultant
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| EMPOWER ADVISORY GROUP, LLC | — | GREENWOOD VILLAGE, CO | INVESTMENT MANAGER | $12K | — |
Trustee
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| NORTHWEST BANK | — | WARREN, PA | TRUSTEE | $57K | — |
TPA / Administrator
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| RETIREMENT PLAN CONCEPTS & SERVICES | 35-2091834 | FORT WAYNE, IN | CONTRACT ADMIN | $19K | — |
Accountant / Auditor
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| FORVIS MAZARS, LLP | — | SPRINGFIELD, MO | AUDITOR | $18K | — |
Other
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| ASCIB LP | — | AUSTIN, TX | OTHER | $11K | — |
Investments
33 direct securities· $38.8M(97% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| First Farmers Financial Corporation Common Stock | — | 71,035 | — | $4.3M | 10.7% | |
| AMERICAN FUNDS 2030 TRGT DATE RETIRE R6 | — | 197,226 | — | $3.4M | 8.5% | |
| VANGUARD 500 INDEX ADMIRAL | — | 4,867 | — | $2.6M | 6.6% | |
| AMERICAN FUNDS 2035 TRGT DATE RETIRE R6 | — | 109,929 | — | $2.1M | 5.2% | |
| JPMORGAN LARGE CAP GROWTH R3 | — | 25,158 | — | $2.0M | 4.9% | |
| AMERICAN FUNDS 2045 TRGT DATE RETIRE R6 | — | 83,370 | — | $1.8M | 4.4% | |
| AMERICAN FUNDS 2025 TRGT DATE RETIRE R6 | — | 115,853 | — | $1.8M | 4.4% | |
| AMERICAN FUNDS 2040 TRGT DATE RETIRE R6 | — | 84,718 | — | $1.7M | 4.3% | |
| AMERICAN FUNDS 2050 TRGT DATE RETIRE R6 | — | 80,506 | — | $1.7M | 4.2% | |
| JHANCOCK BOND R6 | — | 110,969 | — | $1.5M | 3.7% | |
| AMERICAN FUNDS 2055 TRGT DATE RETIRE R6 | — | 52,194 | — | $1.4M | 3.4% | |
| VANGUARD MID CAP INDEX FUND - ADMIRAL | — | 3,797 | — | $1.2M | 3.1% | |
| AMERICAN FUNDS FUNDAMENTAL INVESTORS R4 | — | 15,354 | — | $1.2M | 3.1% | |
| JPMORGAN EQUITY INCOME R6 | — | 48,247 | — | $1.2M | 2.9% | |
| THORNBURG LIMITED TERM INCOME R5 | — | 85,751 | — | $1.1M | 2.7% | |
| JANUS HENDERSON VENTURE I | — | 12,341 | — | $1.0M | 2.6% | |
| JANUS HENDERSON ENTERPRISE I | — | 7,156 | — | $1.0M | 2.5% | |
| KEY GUARANTEED PORTFOLIO FUND, FULLY BENEFIT-RESPONSIVE | — | — | — | $974K | 2.4% | |
| AMERICAN FUNDS AMERICAN BALANCED R6 | — | 24,888 | — | $855K | 2.1% | |
| VANGUARD SMALL CAP INDEX ADM | — | 7,400 | — | $852K | 2.1% | |
| MFS INTERNATIONAL INTRINSIC VALUE R6 | — | 21,925 | — | $785K | 2.0% | |
| JPMORGAN MID CAP EQUITY R6 | — | 12,258 | — | $780K | 1.9% | |
| JHANCOCK DISCIPLINED VALUE MID CAP R6 | — | 25,025 | — | $674K | 1.7% | |
| FIDELITY OVERSEAS | — | 10,573 | — | $662K | 1.6% | |
| MACQUARIE SYSTEMATIC EMERG MKTS EQ INST | — | 28,025 | — | $540K | 1.3% | |
| MACQUARIE SMALL CAP VALUE INSTITUTIONAL | — | 5,641 | — | $394K | 1.0% | |
| HARBOR SMALL CAP VALUE RETIREMENT | — | 7,819 | — | $332K | 0.8% | |
| VANGUARD TOTAL INTL BD IDX ADMIRAL | — | 14,707 | — | $289K | 0.7% | |
| AMERICAN FUNDS 2060 TRGT DATE RETIRE R6 | — | 15,516 | — | $278K | 0.7% | |
| AMERICAN FUNDS 2010 TRGT DATE RETIRE R6 | — | 21,391 | — | $249K | 0.6% | |
| AMERICAN FUNDS 2020 TRGT DATE RETIRE R6 | — | 7,090 | — | $95K | 0.2% | |
| VANGUARD FEDERAL MONEY MARKET FUND | — | 37,191 | — | $37K | <0.1% | |
| COLUMBIA OVERSEAS VALUE INST | — | 1,392 | — | $15K | <0.1% |