The First Bank & Trust Company 401(k) Plan: Login, Facts & Contact Information

The First Bank & Trust Company 401(k) Plan Facts

Plan name
FIRST BANK AND TRUST COMPANY EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN
Plan type
401(k) with employer contributions and profit sharing with a company-stock (ESOP) component
Plan sponsor
THE FIRST BANK AND TRUST COMPANY
Participants
503 (454 active employees)
Former employees with a balance
41
Plan assets
$44,073,002 at Dec 31, 2024
Average account balance
$90,314 across 488 accounts
Employer contributions
$1,135,610 in plan year 2024 (31% of all contributions)
Recordkeeper
Epic Retirement Plan Services
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1993
Employer contributions Automatic enrollment Default investment for undecided participants Participants choose their own investments Self-directed brokerage window Profit sharing Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Jul 2, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $3.72 million went into the plan in contributions, $1.14 million of it from the employer (31%).
  • $5.44 million was paid out to participants.
  • Investment and other income added $7.52 million.
  • Administrative expenses were $84,336, about $173 per account.

How the The First Bank & Trust Company 401(k) changed, 20192024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019419$40.0 million$825,571$2.68 million
2020458$44.1 million$884,064$2.67 million
2021465$40.7 million$965,467$9.73 million
2022504$39.8 million$1.04 million$1.69 million
2023542$38.4 million$1.08 million$9.91 million
2024503$44.1 million$1.14 million$5.44 million

The First Bank & Trust Company 401(k) Contact Information

Phone
276-623-2323
Mailing address
18528 LEE HIGHWAY, ABINGDON VA 24212
Plan sponsor
THE FIRST BANK AND TRUST COMPANY
Employer identification number (EIN)
54-1116387
Plan number
001

Questions about the The First Bank & Trust Company 401(k)

Does The First Bank & Trust Company contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $1.14 million, 31% of all contributions.

Does the The First Bank & Trust Company 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the The First Bank & Trust Company 401(k) plan?

503 participants at the start of plan year 2024, 454 of them active employees, and 41 former employees who still had money in the plan.

What is the average 401(k) balance at The First Bank & Trust Company?

About $90,314 per account: $44.1 million in plan assets across 488 accounts with a balance at the end of plan year 2024.

Who manages the The First Bank & Trust Company 401(k) accounts?

EPIC Retirement Plan Services is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at The First Bank & Trust Company. How do I access my 401(k)?

Your account stays with EPIC Retirement Plan Services after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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