How big is First State Bank's plan?

First State Bank's plan reported $15.0M in assets and 91 participants for 2024.

Original filing (PDF)20250919082813NAL0000992515001

First State Bank

Name: First State Bank — First State Bank 401(k) Savings, Form 5500 (2024)
Creator: First State Bank
License: https://www.usa.gov/government-works

Form 5500

FILING_RECEIVED

First State Bank 401(k) Savings Plan

401(k) retirement plan · First State Bank's First State Bank 401(k) Savings Plan held $15.0M in plan assets for 91 participants in 2024.

Signals · 3

Late participant contributions30% in single holdingCorrective distributions issued

Active participants

Accounts w/ balance

128

Plan assets (EOY)

$15.0M

Net assets (EOY)

$15.0M

People on this filing

Brooke Sprang signed First State Bank's 2024 Form 5500 as plan administrator.

Brooke Sprang — Plan Administrator — Form 5500 signer

Get verified email & phone for these signers

Signer names are public record from the Form 5500 e-signature.

Plan identifiers

First State Bank's EIN is 39-0281110.

EIN 39-0281110

Plan number 002

Plan year 2024

ACK ID 20250919082813NAL0000992515001

Official Form 5500 document

Download the official 2024 Form 5500 (PDF) for First State Bank from the U.S. Department of Labor's EFAST2 system.

Download the official 2024 Form 5500 (PDF)

Plan features

First State Bank's plan includes profit-sharing, ERISA 404(c) participant direction, a 401(k) feature, automatic enrollment, a default investment (QDIA).

Decision-maker contacts

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How this plan invests

This plan

2 pooled trusts

Schedule D

26 securities

funds · stocks · CUSIPs

Holdings are itemized directly on this plan's Schedule of Assets, below.

Plan health score

Above-average plan

Directional indicator from public Form 5500 data — compliance & integrity, total plan cost, participant health and vendor stack, benchmarked against same-size peers. Not a fiduciary tool.

Compliance & integrity

Total plan cost

Plan health

Vendor & structure

100

Knocking points off

Delinquent participant contributions reported (Schedule H 4a) — 46K (5% of contributions).
Corrective distributions issued (likely failed ADP/ACP testing).

Plan sponsor

Name

FIRST STATE BANK

EIN

all filings

Address

220 W WAUPACA STEET · NEW LONDON, WI · 549610000

Phone

(920) 982-3300

Industry

Commercial Banking· Finance & Insurance

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

2025-09-19

Pension benefit codes

2E · Profit-sharing

2F · ERISA section 404(c)

2G · Total participant-directed accounts

2J · 401(k) feature

2K · 401(m) arrangement

2S · Automatic enrollment

2T · Default investment account (QDIA)

3D · Pre-approved plan (master / prototype / VS)

Service providers (Schedule C)

2 rows

Other service providers

Name	EIN	Location	Relation	Direct comp	Indirect comp
ASSOCIATED TRUST COMPANY, N.A.	30-0219031	—	NONE	$46K	—
HAWKINS ASH CPAS	—	MEDFORD, WI	NONE	$10K	—

Investments

26 direct securities · 2 pooled funds· $15.0M(100% of reported assets)

Rows tagged as a trust or pooled fund hold many underlying securities. Click one to drill into its own Schedule of Assets — where the individual funds, shares, and CUSIPs live.

Mutual Funds

$12.3M

20 holdings

Other securities

$1.5M

4 holdings

Common Collective Trusts

$606K

2 holdings

Common Collective Trust

$597K

2 holdings

					% of plan
Vanguard Target Retirement 2030 Fund Mutual Fund N/A	Mutual Funds	—	—	$4.5M	30.0%
Vanguard Target Retirement 2025 Fund Mutual Fund N/A	Mutual Funds	—	—	$1.1M	7.3%
Vanguard Target Retirement 2040 Fund Mutual Fund N/A	Mutual Funds	—	—	$1.1M	7.2%
Vanguard Target Retirement 2020 Fund Mutual Fund N/A	Mutual Funds	—	—	$909K	6.0%
Harbor Capital Appreciation Retirement Fund Mutual Fund N/A	Other securities	—	—	$849K	5.6%
Vanguard Target Retirement 2045 Fund Mutual Fund N/A	Mutual Funds	—	—	$735K	4.9%
Vanguard Target Retirement 2035 Fund Mutual Fund N/A	Mutual Funds	—	—	$675K	4.5%
T Rowe Price Mid-Cap Value Fund Mutual Fund N/A	Mutual Funds	—	—	$652K	4.3%
ASSOCIATED STABLE VALUE FUND ASSOCIATED TRUST COMPANY, N.A. · EIN 39-6571683 / PN 001	Common Collective Trust	—	—	$588K	3.9%
Vanguard 500 Index Fund Mutual Fund N/A	Common Collective Trusts	—	—	$554K	3.7%
Vanguard Target Retirement 2050 Fund Mutual Fund N/A	Mutual Funds	—	—	$538K	3.6%
Dodge & Cox Stock Fund Mutual Fund N/A	Mutual Funds	—	—	$497K	3.3%
MFS Mid Cap Growth Fund R6 Mutual Fund N/A	Mutual Funds	—	—	$369K	2.5%
Baird Core Plus Bond Fund Mutual Fund N/A	Other securities	—	—	$319K	2.1%
Vanguard Small Cap Index Admiral Fund Mutual Fund N/A	Mutual Funds	—	—	$256K	1.7%
Vanguard Mid-Cap Index Admiral Fund Mutual Fund N/A	Mutual Funds	—	—	$246K	1.6%
Vanguard Target Retirement 2055 Fund Mutual Fund N/A	Mutual Funds	—	—	$219K	1.5%
American Beacon Small Cap Value Fund Mutual Fund N/A	Other securities	—	—	$208K	1.4%
American Funds New Perspective R6 Mutual Fund N/A	Mutual Funds	—	—	$174K	1.2%
Harbor Small Cap Growth Retirement Fund Mutual Fund N/A	Other securities	—	—	$157K	1.0%
Vanguard Target Retirement 2060 Fund Mutual Fund N/A	Mutual Funds	—	—	$130K	0.9%
Dodge & Cox International Stock Fund Mutual Fund N/A	Mutual Funds	—	—	$83K	0.6%
Invesco Developing Markets Fund Mutual Fund N/A	Mutual Funds	—	—	$63K	0.4%
Vanguard Total Bond Market Index Fund Mutual Fund N/A	Common Collective Trusts	—	—	$52K	0.3%
Vanguard Target Retirement 2065 Fund Mutual Fund N/A	Mutual Funds	—	—	$38K	0.3%
Vanguard Target Retirement 2070 Fund Mutual Fund N/A	Mutual Funds	—	—	$15K	<0.1%
MONEY MARKET COMMON TRUST FUND ASSOCIATED TRUST COMPANY, N.A. · EIN 52-7241044 / PN 001	Common Collective Trust	—	—	$10K	<0.1%
Vanguard Tot Int Stock Index Admiral Fund Mutual Fund N/A	Mutual Funds	—	—	$8K	<0.1%