401(k) · DOL Form 5500 · 2022

First Resource Bank 401(k) Plan

Data updated 2026-08-25

$8M
Total assets Small plan by assets
41
Participants Small participant base
60th
Percentile by assets National rank
$190,543
Avg per participant Above avg balance/head
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Official DOL plan name: First Resource Bank 401(k) Profit Sharing Plan · Sponsored by First Resource Bank · Minnesota · Finance & Insurance

$8M in assets, 41 participants

First Resource Bank's First Resource Bank 401(k) Profit Sharing Plan reported $8M in total assets and 41 participants in its 2022 DOL Form 5500 filing, ranking in the 60th 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.

  • #3,995 in Finance & Insurance (9,261 peers)

First Resource Bank multi-year trail

First Resource Bank's plans moved +31.5% in assets from 2022 to 2024; this filing shows First Resource Bank 401(k) Profit Sharing Plan at $8M / 41 participants.

#3,995
in Finance & Insurance (9,261 peers)
+56.2%
assets growth YoY

First Resource Bank 401(k) Profit Sharing Plan's mid-pack asset rank among Finance & Insurance and all filers

First Resource Bank 401(k) Profit Sharing Plan vs every filed plan by assets

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

$7,812,246 Top 40% higher than 60% 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 Resource Bank 401(k) Profit Sharing 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 Resource Bank 401(k) Profit Sharing Plan is a small filing (41 participants) on this national headcount ladder.

Published 5500 schedule card

Filing strip 390585074 · First Resource Bank PY 2022 · 401(k)

First Resource Bank 401(k) Profit Sharing Plan · $8M · 41 · 60th

  • 5500 $8M
  • 5500 41
  • 5500 60th
  • 5500 401(k)
  • 5500 near Sapaugh Motors Retirement Plan
  • 5500 ind #3995

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 Minnesota →

First Resource Bank 401(k) Profit Sharing Plan in the asset neighbourhood

First Resource Bank 401(k) Profit Sharing PlanFirst Resource Bank 401(k) P…$8MSapaugh Motors Retirement PlanSapaugh Motors Retirement Pl…$8MSyfan Logistics 401(k) Plan$8MSeaway Timber Harvesting, Inc. 401(k) Profit Sharing PlanSeaway Timber Harvesting, In…$8MPritel, Inc 401(k) and Profit Sharing PlanPritel, Inc 401(k) and Profi…$8M
End-of-year total assets ($M) among First Resource Bank 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

First Resource Bank multi-year asset trail

Sponsor-wide plan assets over time

All First Resource Bank plans reported in each filing year

Latest sponsor-wide plan assets
$10M 31.510221260313614% vs 2022
2024 filing year
$7M$8M$9M$10M$11M 202220232024 $7.81M $10.3M ▲ +31.5%
Year Plans Participants Total Assets
2022 1 41 $8M
2023 1 64 $10M
2024 1 56 $10M

First Resource Bank filing trail (2022)

Total Assets (Beginning of Year)$5M
Net Assets (End of Year)$8M
Net Income$3M
Employer EIN390585074
Plan Effective Date1992-01-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Minnesota

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

First Resource Bank 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -505101520 Total assets ($B) Participants First Resource Bank 401(k) Profit Sharing Plan, Total assets ($B): 0.007812246 · Participants: 41First Resource Bank 401(k) Profit Sharing PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 18.576379778 · Participants: 176886Unitedhealth Group 401(k) Savings PlanMedtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan), Total assets ($B): 12.198295 · Participants: 38825Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan)Target Corporation 401(k) Plan, Total assets ($B): 11.216824857 · Participants: 400422Target Corporation 401(k) Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 11.138527656 · Participants: 371593M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 8.266408521 · Participants: 67646U.S. Bank 401(k) Savings Plan
First Resource Bank 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare First Resource Bank 401(k) Profit Sharing Plan side-by-side with 3 peers →

First Resource Bank 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Sapaugh Motors Retirement Plan in MO ($8M); by covered participants it is Allied Termite & Pest Control 401(k) Plan in TN (41 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (41 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 Resource Bank 401(k) Profit Sharing Plan assets move in 2022? ▼
First Resource Bank 401(k) Profit Sharing Plan surged - up 56.2% during 2022, from $5M to $8M. Reported net income was $3M.
How have First Resource Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Resource Bank's sponsor-wide assets grew 31.5%, from $8M to $10M.
Which 401(k) plans are similar in size to First Resource Bank 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Sapaugh Motors Retirement Plan in MO ($8M, 116 participants).
Which 401(k) plans cover a similar participant headcount to First Resource Bank 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Allied Termite & Pest Control 401(k) Plan in TN (41 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 390585074.

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.