First Financial Corporation 401(k) Review & Grade
First Financial Corporation Employees' 401(k) Savings Plan
Terre Haute, INFinance & Insurance914 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,531Employer $ per active participant
$3,546Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$59.6MNet plan assets, end of year
$57,236Average balance per account
Score breakdown
- Employer generosity7.3 / 5015th percentile for employer $ per participant
- Low cost20.7 / 2583th percentile for low admin cost vs. same-size plans
- Employee saving1.4 / 159th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score39 / 100 · Grade D
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 15th |
| Lower admin cost | 83th |
| Employee saving | 9th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- First Financial put in about $1,531 per active participant, below the typical peer ($3,606). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,398,288 |
| Participant (employee) contributions | $3,239,065 |
| Other contributions (incl. rollovers in) | $2,990,418 |
| Administrative expenses paid from the plan | $37,421 |
| Investment advisory & management fees | $2,294 |
| Benefits paid out | $9,934,880 |
| Net assets, start / end of year | $53.2M / $59.6M |
| Active participants, start / end of year | 871 / 956 |
| Participants with account balances | 1,042 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Sackrider and Company |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $35,127 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014073505NAL0004937330001, received 2025-10-14, EIN 35-1546989, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.