401k Administration

Investments through the Trust and Investment Services Department are not FDIC insured – may lose value – Not guaranteed by First Bank Richmond

For those businesses that want to offer a defined contribution plan to their employees. This plan allows employees to set aside tax-deferred income for retirement purposes. First Bank provides the following features and benefits:

  • A wide variety of investment options
  • We can design a start-up plan or take over an existing plan.
  • We educate employees and employers on investment options and plan administration.
  • Plan is administered by Pentegra, with over 60 years of experience administering retirement plans
  • Funds are indexed, used for the investments, which means a low-cost investment option
  • Online access to view portfolio and make changes
  • Local contact at First Bank
  • First Bank serves as trustee
  • Regular reports to employer

Online Banking

Did You Know?

You can deposit checks online using a scanner. You can deposit checks online.
Learn more

Dept. Contacts

For more information on these products or to schedule an appointment, contact any of our trust and investment professionals.

Alan Spears
Senior Vice President
Senior Trust Officer
31 North 9th Street
Richmond, IN 47374
(765) 973-4209
(800) 548-8138, ext. 209
aspears@firstbankrichmond.com

Christy Evans
Administrative Assistant
Trust and Investment Services
31 North 9th Street
Richmond, IN 47374
(765) 973-4208
(800) 548-8138, ext. 208
cevans@firstbankrichmond.com

Note: Please do not include any personal or account information when submitting an e-mail. E-mail messages are not encrypted. If you need to give personal or account information, please telephone us or stop by one of our convenient locations.