401(k) · DOL Form 5500 · 2022

First Exchange Bank 401(k) Plan

Data updated 2026-08-25

$7M
Total assets Small plan by assets
55
Participants Small participant base
58th
Percentile by assets National rank
$132,189
Avg per participant Near avg balance/head
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Official DOL plan name: First Exchange Bank 401(k) Employee Stock Ownership Plan · Sponsored by First Exchange Bank · West Virginia · Finance & Insurance

$7M in assets, 55 participants

First Exchange Bank's First Exchange Bank 401(k) Employee Stock Ownership Plan reported $7M in total assets and 55 participants in its 2022 DOL Form 5500 filing, ranking in the 58th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #3,869 in Finance & Insurance (9,261 peers)

What the 2022 filing shows

First Exchange Bank 401(k) Employee Stock Ownership Plan holds $7M for 55 participants - about $132,189 per participant, above the median plan by assets.

#3,869
in Finance & Insurance (9,261 peers)
-5.1%
assets change YoY

The plan reported a net loss of $393K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

First Exchange Bank 401(k) Employee Stock Ownership Plan's mid-pack asset rank among Finance & Insurance and all filers

First Exchange Bank 401(k) Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$7,270,385 Top 42% higher than 58% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

First Exchange Bank 401(k) Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. First Exchange Bank 401(k) Employee Stock Ownership Plan is a small filing (55 participants) on this national headcount ladder.

Published 5500 schedule card

Filing strip 550170680 · First Exchange Bank PY 2022 · 401(k)

First Exchange Bank 401(k) Employee Stock Ownership Plan · $7M · 55 · 58th

  • EOY $7M
  • 5500 55
  • ASSETS 58th
  • PCT 401(k)
  • EIN near Carrot 401(k) Plan
  • RANK ind #3869

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in West Virginia →

First Exchange Bank 401(k) Employee Stock Ownership Plan in the asset neighbourhood

First Exchange Bank 401(k) Employee Stock Ownership PlanFirst Exchange Bank 401(k) E…$7MCarrot 401(k) Plan$7MMid-Atlantic Machinery, Inc. 401(k) Profit Sharing PlanMid-Atlantic Machinery, Inc.…$7MOxford Clinic for Women Profit Sharing PlanOxford Clinic for Women Prof…$7MPeoples Services, Inc. 401(k) Retirement PlanPeoples Services, Inc. 401(k…$7M
End-of-year total assets ($M) among First Exchange Bank 401(k) Employee Stock Ownership Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Filing particulars (2022)

Total Assets (Beginning of Year)$8M
Net Assets (End of Year)$7M
Net Income-$393K
Employer EIN550170680
Plan Effective Date1979-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First Exchange Bank)

Sponsor-wide plan assets over time

All First Exchange Bank plans reported in each filing year

Latest sponsor-wide plan assets
$8M 7.96186171708926% vs 2022
2024 filing year
$7.2M$7.4M$7.6M$7.8M$8M 202220232024 $7.27M $7.85M ▲ +8.0%
Year Plans Participants Total Assets
2022 1 55 $7M
2023 1 49 $7M
2024 1 62 $8M

Nearby 401(k) Plans in West Virginia

Peer 401(k) plans, same state, same plan type, ranked by total assets.

First Exchange Bank 401(k) Employee Stock Ownership Plan vs. nearby 401(k) plans in West Virginia, assets vs. participants Scatter plot of 6 data points. -100001000200030004000 -20002004006008001000 Total assets ($M) Participants First Exchange Bank 401(k) Employee Stock Ownership Plan, Total assets ($M): 7.270385 · Participants: 55First Exchange Bank 401(k) Employee Stock Ownership PlanOrrick, Herrington & Sutcliffe LLP Retirement Plan, Total assets ($M): 808.481738 · Participants: 1866Orrick, Herrington & Sutcliffe LLP Retirement PlanCamc Health System Basic Retirement Plan, Total assets ($M): 593.785275 · Participants: 0Camc Health System Basic Retirement PlanAmerican Public Education Retirement Plan, Total assets ($M): 214.783036 · Participants: 2951American Public Education Retirement PlanUnited Bankshares, Inc. Savings and Stock Investment Plan, Total assets ($M): 201.672584 · Participants: 2978United Bankshares, Inc. Savings and Stock Investment PlanWesbanco, Inc. Ksop, Total assets ($M): 185.637266 · Participants: 2334Wesbanco, Inc. Ksop
First Exchange Bank 401(k) Employee Stock Ownership Plan vs. nearby 401(k) plans in West Virginia, assets vs. participants
Compare First Exchange Bank 401(k) Employee Stock Ownership Plan side-by-side with 3 peers →

First Exchange Bank 401(k) Employee Stock Ownership Plan's out-of-state 401(k) peers by assets and headcount

Outside West Virginia, the nearest 401(k) by assets is Carrot 401(k) Plan in CA ($7M); by covered participants it is Revinate Retirement Trust in CA (55 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (55 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did First Exchange Bank 401(k) Employee Stock Ownership Plan assets move in 2022? ▼
First Exchange Bank 401(k) Employee Stock Ownership Plan pulled back noticeably - down 5.1% during 2022, from $8M to $7M. Reported net income was -$393K.
How have First Exchange Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Exchange Bank's sponsor-wide assets grew 8.0%, from $7M to $8M.
Which 401(k) plans are similar in size to First Exchange Bank 401(k) Employee Stock Ownership Plan? ▼
Among 401(k) plans in other states, the closest by assets is Carrot 401(k) Plan in CA ($7M, 237 participants).
Which 401(k) plans cover a similar participant headcount to First Exchange Bank 401(k) Employee Stock Ownership Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Revinate Retirement Trust in CA (55 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 550170680.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.