401(k) · DOL Form 5500 · 2022

First Western Financial, Inc. 401(k) Plan

Data updated 2026-08-25

$28M
Total assets Below avg plan size
344
Participants Below avg headcount
82nd
Percentile by assets National rank
$82,538
Avg per participant Below avg balance/head
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Official DOL plan name: First Western 401(k) Plan · Sponsored by First Western Financial, Inc. · Colorado · Finance & Insurance

$28M in assets, 344 participants

First Western Financial, Inc.'s First Western 401(k) Plan reported $28M in total assets and 344 participants in its 2022 DOL Form 5500 filing, ranking in the 82nd 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.

  • #6,591 in Finance & Insurance (9,261 peers)

Where First Western 401(k) Plan sits by assets

First Western 401(k) Plan sits in the top quartile of all filed plans by assets, $28M for 344 participants (~$82,538/participant), down 5.7% in 2022.

#6,591
in Finance & Insurance (9,261 peers)
-5.7%
assets change YoY
0.3×
vs typical plan assets (national mean)

The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

First Western 401(k) Plan's outsized position by total assets

First Western 401(k) Plan vs every filed plan by assets

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

$28,393,153 Top 18% higher than 82% 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 Western 401(k) Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. First Western 401(k) Plan sits mid-pack in the medium band (344 participants).

Published 5500 schedule card

Filing strip 371442266 · First Western Financial, Inc. PY 2022 · 401(k)

First Western 401(k) Plan · $28M · 344 · 82nd

  • SCH $28M
  • EBSA 344
  • PART 82nd
  • TYPE 401(k)
  • NET near Strata G Profit Sharing Plan
  • BOOK ind #6591

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 Colorado →

First Western 401(k) Plan in the asset neighbourhood

Strata G Profit Sharing Plan$28MBaxters North America, Inc. 401(k) Savings PlanBaxters North America, Inc. …$28MGreenville National Bank Employees Savings PlanGreenville National Bank Emp…$28MFirst Western 401(k) Plan$28MEggers Industries 401(k) Plan$28M
End-of-year total assets ($M) among First Western 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$30M
Net Assets (End of Year)$28M
Net Income-$2M
Employer EIN371442266
Plan Effective Date2004-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First Western Financial, Inc.)

Sponsor-wide plan assets over time

All First Western Financial, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$34M 19.280320857637754% vs 2022
2024 filing year
$26M$28M$30M$32M$34M$36M 202220232024 $28.4M $33.9M ▲ +19.3%
Year Plans Participants Total Assets
2022 1 344 $28M
2023 1 358 $32M
2024 1 305 $34M

Nearby 401(k) Plans in Colorado

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

First Western 401(k) Plan vs. nearby 401(k) plans in Colorado, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -10123 Total assets ($B) Participants First Western 401(k) Plan, Total assets ($B): 0.028393153 · Participants: 344First Western 401(k) PlanDavita Retirement Savings Plan, Total assets ($B): 2.75238679 · Participants: 57172Davita Retirement Savings PlanBall Corporation 401(k) and Employee Stock Ownership Plan, Total assets ($B): 2.51543651 · Participants: 10671Ball Corporation 401(k) and Employee Stock Ownership PlanScl Health 401(k) Retirement Savings Plan, Total assets ($B): 1.514958969 · Participants: 12642Scl Health 401(k) Retirement Savings PlanWoodward Retirement Savings Plan, Total assets ($B): 1.504801917 · Participants: 5046Woodward Retirement Savings PlanEmpower Retirement, LLC 401(k) Savings Plan, Total assets ($B): 1.49307635 · Participants: 7741Empower Retirement, LLC 401(k) Savings Plan
First Western 401(k) Plan vs. nearby 401(k) plans in Colorado, assets vs. participants
Compare First Western 401(k) Plan side-by-side with 3 peers →

First Western 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Colorado, the nearest 401(k) by assets is Strata G Profit Sharing Plan in TN ($28M); by covered participants it is Standard Iron 401(k) Retirement Plan in MN (344 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($28M here).

Similar participant headcount

Nearest other-state filings by covered participants (344 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 Western 401(k) Plan assets move in 2022? ▼
First Western 401(k) Plan pulled back noticeably - down 5.7% during 2022, from $30M to $28M. Reported net income was -$2M.
How have First Western Financial, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Western Financial, Inc.'s sponsor-wide assets grew 19.3%, from $28M to $34M.
Where does First Western 401(k) Plan rank by assets among Form 5500 filers? ▼
First Western 401(k) Plan ranks in the 82nd percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to First Western 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Strata G Profit Sharing Plan in TN ($28M, 209 participants).
Which 401(k) plans cover a similar participant headcount to First Western 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Standard Iron 401(k) Retirement Plan in MN (344 participants, $22M 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 371442266.

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.