How big is First Option Bank's plan?

First Option Bank's plan reported $5.7M in assets and 117 participants for 2024.

Original filing (PDF)20251003152624NAL0000882515001

First Option Bank

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

Form 5500-SF

FILING_RECEIVED

First Option Bank 401(k) Plan

401(k) retirement plan · First Option Bank's First Option Bank 401(k) Plan held $5.7M in plan assets for 117 participants in 2024.

Active participants

117

Accounts w/ balance

102

Plan assets (EOY)

$5.7M

Net assets (EOY)

$5.7M

Plan identifiers

First Option Bank's EIN is 48-0359685.

EIN 48-0359685

Plan number 001

Plan year 2024

ACK ID 20251003152624NAL0000882515001

Official Form 5500 document

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

Download the official 2024 Form 5500 (PDF)

Plan features

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

Decision-maker contacts

One unlock reveals every key decision-maker — plan signer, CFO, HR & Benefits — with verified email + LinkedIn for FIRST OPTION BANK.

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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. Based on 70% of scoring inputs for this filing.

Compliance & integrity

Total plan cost

n/a

Plan health

Vendor & structure

100

Knocking points off

No IQPA named; plan is in the 80-120 transition zone.
Low account-holder ratio — balance-holders per active participant in the bottom quartile of peers (22nd percentile).

Helping the score