401(k) · DOL Form 5500 · 2022

First National Bank of America 401(k) Plan

Data updated 2026-08-25

$41M
Total assets Below avg plan size
520
Participants Below avg headcount
86th
Percentile by assets National rank
$78,289
Avg per participant Below avg balance/head
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Official DOL plan name: First National Bank of America Retirement Plan · Sponsored by First National Bank of America · Michigan · Management of Enterprises

$41M in assets, 520 participants

First National Bank of America's First National Bank of America Retirement Plan reported $41M in total assets and 520 participants in its 2022 DOL Form 5500 filing, ranking in the 86th 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.

  • #809 in Management of Enterprises (1,193 peers)

Where First National Bank of America Retirement Plan sits by assets

First National Bank of America Retirement Plan sits in the top quartile of all filed plans by assets, $41M for 520 participants (~$78,289/participant), down 19.3% in 2022.

#809
in Management of Enterprises (1,193 peers)
-19.3%
assets change YoY
0.4×
vs typical plan assets (national mean)

The plan reported a net loss of $10M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

First National Bank of America Retirement Plan's outsized position by total assets

First National Bank of America Retirement Plan vs every filed plan by assets

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

$40,710,273 Top 14% higher than 86% 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 National Bank of America Retirement 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 National Bank of America Retirement Plan sits mid-pack in the medium band (520 participants).

Published 5500 schedule card

Filing strip 381470765 · First National Bank of America PY 2022 · 401(k)

First National Bank of America Retirement Plan · $41M · 520 · 86th

  • PHOTO $41M
  • PHOTO 520
  • PHOTO 86th
  • PHOTO 401(k)
  • PHOTO near Small Mine Development, LLC 401(k) Retirement Savings Plan
  • PHOTO ind #809

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 Management of Enterprises retirement plans → · Plans in Michigan →

First National Bank of America Retirement Plan in the asset neighbourhood

American First National Bank 401(k) Retirement Savings PlanAmerican First National Bank…$41MFirst National Bank of America Retirement PlanFirst National Bank of Ameri…$41MSmall Mine Development, LLC 401(k) Retirement Savings PlanSmall Mine Development, LLC …$41MRedners Markets, Inc. Pre-Tax Savings PlanRedners Markets, Inc. Pre-Ta…$41MAdaptive Biotechnologies Corporation 401(k) PlanAdaptive Biotechnologies Cor…$41M
End-of-year total assets ($M) among First National Bank of America Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$50M
Net Assets (End of Year)$41M
Net Income-$10M
Employer EIN381470765
Plan Effective Date1999-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First National Bank of America)

Sponsor-wide plan assets over time

All First National Bank of America plans reported in each filing year

Latest sponsor-wide plan assets
$54M 33.15032792828483% vs 2022
2024 filing year
$35M$40M$45M$50M$55M$60M 202220232024 $40.7M $54.2M ▲ +33.2%
Year Plans Participants Total Assets
2022 1 520 $41M
2023 1 483 $47M
2024 1 435 $54M

Nearby 401(k) Plans in Michigan

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

First National Bank of America Retirement Plan vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -505101520 Total assets ($B) Participants First National Bank of America Retirement Plan, Total assets ($B): 0.040710273 · Participants: 520First National Bank of America Retirement PlanGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 18.071817726 · Participants: 43382General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 13.833597622 · Participants: 32974Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 9.307640951 · Participants: 16930The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 7.545889119 · Participants: 40458The General Motors Personal Savings Plan for Hourly-Rate Employees in the United StatesFord Motor Co. Tax-Efficient Savings Plan for Hourly Employees, Total assets ($B): 6.44558193 · Participants: 57811Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
First National Bank of America Retirement Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare First National Bank of America Retirement Plan side-by-side with 3 peers →

First National Bank of America Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is Small Mine Development, LLC 401(k) Retirement Savings Plan in ID ($41M); by covered participants it is Midwest Atc Service 401(k) & Pension Plan in KS (520 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (520 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 National Bank of America Retirement Plan assets move in 2022? ▼
First National Bank of America Retirement Plan declined sharply - down 19.3% during 2022, from $50M to $41M. Reported net income was -$10M.
How have First National Bank of America plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First National Bank of America's sponsor-wide assets grew 33.2%, from $41M to $54M.
Where does First National Bank of America Retirement Plan rank by assets among Form 5500 filers? ▼
First National Bank of America Retirement Plan ranks in the 86th 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 National Bank of America Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Small Mine Development, LLC 401(k) Retirement Savings Plan in ID ($41M, 480 participants).
Which 401(k) plans cover a similar participant headcount to First National Bank of America Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Midwest Atc Service 401(k) & Pension Plan in KS (520 participants, $50M 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 381470765.

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.