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Original filing (PDF)20250729153317NAL0003580449001
FIRST FEDERAL BANK
Form 5500
FILING_RECEIVED
FIRST FEDERAL BANK 401(K) PROFIT SHARING PLAN
401(k) retirement plan
Signals · 1
No recordkeeper disclosed
Active participants
560
Accounts w/ balance
576
Plan assets (EOY)
$92.9M
Net assets (EOY)
$92.9M
How this plan invests
This plan
36 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
89
/ 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
100
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- 45 bps in Schedule C fees — 179% above peer band of 16 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for FIRST FEDERAL BANK.
Plan sponsor
Name
FIRST FEDERAL BANK
EIN
59-0969721
Address
PO BOX 2029 · LAKE CITY, FL · 32056
Phone
(386) 362-3433
Industry
Finance & Insurancesee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
001
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-07-29
Pension benefit codes
2E · Profit-sharing
2F · ERISA section 404(c)
2G · Total participant-directed accounts
2J · 401(k) feature
2K · 401(m) arrangement
2R · Participant-directed brokerage (SDBA)
2T · Default investment account (QDIA)
3D · Pre-approved plan (master / prototype / VS)
Audit & trust (Schedule H)
Auditor
HACKER, JOHNSON & SMITH, PA
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
3 rowsOther
3| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| RAYMOND JAMES & ASSOCIATES INC | — | ST PETERSBURG, FL | NONE | $323K | — |
| CAPITAL GROUP RETIREMENT PLAN SERVI | — | IRVINE, CA | NONE | $46K | — |
| PASI, LLC | — | FARMINGTON, CT | NONE | $45K | — |
Investments
36 direct securities· $92.9M(100% of reported assets)
Uncategorized
$82.5M
35 holdings
Mutual Funds
$10.4M
1 holding
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Participant Directed Brokerage Accounts | — | — | — | $18.0M | 19.4% | |
| s * AMERICAN FUNDS 2035 TARGET DATE FUND R6 | Mutual Funds | — | — | $10.4M | 11.2% | |
| AMERICAN FUNDS 2045 TARGET DATE FUND R6 | — | — | — | $9.7M | 10.4% | |
| VANGUARD 500 INDEX FUND - ADMIRAL | — | — | — | $9.0M | 9.7% | |
| AMERICAN FUNDS 2040 TARGET DATE FUND R6 | — | — | — | $7.0M | 7.6% | |
| AMERICAN FUNDS 2030 TARGET DATE FUND R6 | — | — | — | $5.9M | 6.3% | |
| AMERICAN FUNDS 2025 TARGET DATE FUND R6 | — | — | — | $4.6M | 5.0% | |
| AMERICAN FUNDS US GOVT MONEY MARKET R6 | — | — | — | $3.9M | 4.2% | |
| AMERICAN FUNDS 2050 TARGET DATE FUND R6 | — | — | — | $3.7M | 4.0% | |
| MFS GROWTH R6 | — | — | — | $3.1M | 3.4% | |
| AMERICAN FUNDS 2055 TARGET DATE FUND R6 | — | — | — | $2.6M | 2.8% | |
| AMERICAN FUNDS WASHINGTON MUTUAL R6 | — | — | — | $2.4M | 2.6% | |
| VANGUARD SMALL CAP INDEX FUND - ADMIRAL | — | — | — | $1.5M | 1.6% | |
| AMERICAN FUNDS 2060 TARGET DATE FUND R6 | — | — | — | $1.5M | 1.6% | |
| AMERICAN FUNDS 2020 TARGET DATE FUND R6 | — | — | — | $1.4M | 1.5% | |
| AMERICAN FUNDS INVMT CO OF AMERICA R6 | — | — | — | $1.3M | 1.4% | |
| maturing through 2036) | — | — | — | $1.3M | 1.4% | |
| AMERICAN FUNDS BOND FUND OF AMER R6 | — | — | — | $1.2M | 1.3% | |
| CLEARBRIDGE INTERNATIONAL GROWTH IS | — | — | — | $1.1M | 1.2% | |
| VANGUARD MID CAP INDEX ADM | — | — | — | $901K | 1.0% | |
| PIMCO INCOME INSTL | — | — | — | $630K | 0.7% | |
| AMERICAN FUNDS NEW PERSPECTIVE R6 | — | — | — | $486K | 0.5% | |
| AMERICAN FUNDS 2065 TARGET DATE FUND R6 | — | — | — | $423K | 0.5% | |
| AMERICAN FUNDS NEW WORLD R6 | — | — | — | $203K | 0.2% | |
| VANGUARD REAL ESTATE INDEX ADMIRAL | — | — | — | $199K | 0.2% | |
| AMERICAN FUNDS 2015 TARGET DATE FUND R6 | — | — | — | $94K | 0.1% | |
| AMERICAN FUNDS CAPITAL INC BLDR R6 | — | — | — | $92K | <0.1% | |
| AMERICAN FUNDS SMALLCAP WORLD R6 | — | — | — | $72K | <0.1% | |
| COLUMBIA OVESEAS VALUE INSTL 3 | — | — | — | $59K | <0.1% | |
| AMERICAN FUNDS US GOVERNMENT SEC R6 | — | — | — | $37K | <0.1% | |
| AMERICAN FUNDS INFLATION LINKED BD FD R6 | — | — | — | $28K | <0.1% | |
| AMERICAN FUNDS INTERNATIONAL GR & INC R6 | — | — | — | $26K | <0.1% | |
| AMERICAN FUNDS 2010 TARGET DATE FUND R6 | — | — | — | $23K | <0.1% | |
| AMERICAN FUNDS CAPITAL WORLD BOND R6 | — | — | — | $19K | <0.1% | |
| AMERICAN FUNDS AMERICAN BALANCED R6 | — | — | — | $15K | <0.1% | |
| Certificates of Deposits | — | — | — | $9K | <0.1% |