401(k) · DOL Form 5500 · 2022

First American Bank Corporation 401(k) Plan

Data updated 2026-08-11

$146M
Total assets
858
Participants
94th
Percentile by assets
$170,130
Avg per participant
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Official DOL plan name: First American Bank Corporation Profit Sharing Plan · Sponsored by First American Bank Corporation · Illinois · Finance & Insurance

$146M in assets, 858 participants

First American Bank Corporation's First American Bank Corporation Profit Sharing Plan reported $146M in total assets and 858 participants in its 2022 DOL Form 5500 filing, ranking in the 94th 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.

  • 94th percentile by assets (of 139,126 plans)
  • #8,417 in Finance & Insurance (9,261 peers)

Where First American Bank Corporation Profit Sharing Plan sits by assets

First American Bank Corporation Profit Sharing Plan sits in the top 10% of all filed plans by assets, $146M for 858 participants (~$170,130/participant), down 19.1% in 2022.

$146M
total plan assets (2022 EOY)
858
covered participants
94th
percentile by assets (of 139,126 plans)
$170,130
avg assets per participant

The plan reported a net loss of $34M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

State

First American Bank Corporation Profit Sharing Plan vs the 2022 asset distribution

By assets, First American Bank Corporation Profit Sharing Plan outranks 94% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 1.5x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$180M
Net Assets (End of Year)$146M
Net Income-$34M
Employer EIN362782306
Plan Effective Date1986-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First American Bank Corporation)

$150M$200M$250M$300M 202220232024 $197M $287M ▲ +45.8%
Total plan assets by year, all First American Bank Corporation plans on file
Year Plans Participants Total Assets
2022 2 1,599 $197M
2023 2 1,618 $240M
2024 2 1,666 $287M

Nearby 401(k) Plans in Illinois

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

First American Bank Corporation Profit Sharing Plan vs. nearby 401(k) plans in Illinois, assets vs. participants

First American Bank Corporation Profit Sharing Plan vs. nearby 401(k) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -505101520 Total assets ($B) Participants First American Bank …State Farm 401(k) Sa…Accenture United Sta…Abbott Laboratories …United Airlines Pilo…Walgreens Retirement…
First American Bank Corporation Profit Sharing Plan vs. nearby 401(k) plans in Illinois, assets vs. participants

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to First American Bank Corporation Profit Sharing Plan by total assets, not by location.

Frequently Asked Questions

How did First American Bank Corporation Profit Sharing Plan assets move in 2022?
First American Bank Corporation Profit Sharing Plan declined sharply - down 19.1% during 2022, from $180M to $146M. Reported net income was -$34M.
How have First American Bank Corporation plan assets changed over time?
Across 3 plan years on file (2022-2024), First American Bank Corporation's sponsor-wide assets grew 45.8%, from $197M to $287M.
Where does First American Bank Corporation Profit Sharing Plan rank by assets among Form 5500 filers?
First American Bank Corporation Profit Sharing Plan ranks in the 94th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to First American Bank Corporation Profit Sharing Plan?
Among 401(k) plans in other states, the closest by assets is Walbec Group Retirement Plan in WI ($146M, 652 participants).

Next read for First American Bank Corporation Profit S…

Scale reading

Ways to act on First American Bank Corporation Profit Sharing Plan's numbers.