401(k) · DOL Form 5500 · 2022

First Freedom Bank 401(k) Plan

Data updated 2026-08-25

$7M
Total assets Small plan by assets
77
Participants Small participant base
57th
Percentile by assets National rank
$86,645
Avg per participant Below avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: First Freedom Bank 401 (K) Plan · Sponsored by First Freedom Bank · Tennessee · Finance & Insurance

$7M in assets, 77 participants

First Freedom Bank's First Freedom Bank 401 (K) Plan reported $7M in total assets and 77 participants in its 2022 DOL Form 5500 filing, ranking in the 57th 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.

  • #3,716 in Finance & Insurance (9,261 peers)

What the 2022 filing shows

First Freedom Bank 401 (K) Plan holds $7M for 77 participants - about $86,645 per participant, above the median plan by assets.

#3,716
in Finance & Insurance (9,261 peers)
-2.3%
assets change YoY

The plan reported a net loss of $160K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

First Freedom Bank 401 (K) Plan's mid-pack asset rank among Finance & Insurance and all filers

First Freedom Bank 401 (K) Plan vs every filed plan by assets

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

$6,671,637 Top 43% higher than 57% 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 Freedom Bank 401 (K) 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 Freedom Bank 401 (K) Plan is a small filing (77 participants) on this national headcount ladder.

Published 5500 schedule card

Filing strip 202432282 · First Freedom Bank PY 2022 · 401(k)

First Freedom Bank 401 (K) Plan · $7M · 77 · 57th

  • PART $7M
  • TYPE 77
  • NET 57th
  • BOOK 401(k)
  • VS-ST near Nordic Semiconductor, Inc. 401(k) Retirement Savings Plan
  • BOY ind #3716

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 Tennessee →

First Freedom Bank 401 (K) Plan in the asset neighbourhood

First Freedom Bank 401 (K) PlanFirst Freedom Bank 401 (K) P…$7MNordic Semiconductor, Inc. 401(k) Retirement Savings PlanNordic Semiconductor, Inc. 4…$7MItc Holding Company 401(k) PlanItc Holding Company 401(k) P…$7MCis Group, LLC 401(k) Plan$7MAmi Holdings, LLC 401(k) Profit Sharing PlanAmi Holdings, LLC 401(k) Pro…$7M
End-of-year total assets ($M) among First Freedom Bank 401 (K) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Filing particulars (2022)

Total Assets (Beginning of Year)$7M
Net Assets (End of Year)$7M
Net Income-$160K
Employer EIN202432282
Plan Effective Date2006-04-03
Filing StatusFILING RECEIVED

Sponsor Plan History (First Freedom Bank)

Sponsor-wide plan assets over time

All First Freedom Bank plans reported in each filing year

Latest sponsor-wide plan assets
$7M 6.6037016102644674% vs 2022
2024 filing year
$6.6M$6.8M$7M$7.2M 202220232024 $6.67M $7.11M ▲ +6.6%
Year Plans Participants Total Assets
2022 1 77 $7M
2023 1 74 $7M
2024 1 76 $7M

Nearby 401(k) Plans in Tennessee

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

First Freedom Bank 401 (K) Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -50510152025 Total assets ($B) Participants First Freedom Bank 401 (K) Plan, Total assets ($B): 0.006671637 · Participants: 77First Freedom Bank 401 (K) PlanFedex Corporation Retirement Savings Plan, Total assets ($B): 21.031401128 · Participants: 220835Fedex Corporation Retirement Savings PlanHca 401(k) Plan, Total assets ($B): 18.669830548 · Participants: 280576Hca 401(k) PlanInternational Paper Company Salaried Savings Plan, Total assets ($B): 4.178827147 · Participants: 11839International Paper Company Salaried Savings PlanFederal Express Corporation Pilots Retirement Savings Plan, Total assets ($B): 4.035859621 · Participants: 5305Federal Express Corporation Pilots Retirement Savings PlanChs/Community Health Systems, Inc. Retirement Savings Plan, Total assets ($B): 4.015461486 · Participants: 62485Chs/Community Health Systems, Inc. Retirement Savings Plan
First Freedom Bank 401 (K) Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants
Compare First Freedom Bank 401 (K) Plan side-by-side with 3 peers →

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

Outside Tennessee, the nearest 401(k) by assets is Nordic Semiconductor, Inc. 401(k) Retirement Savings Plan in OR ($7M); by covered participants it is Accend Services, Inc. 401(k) Plan in MN (77 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (77 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 Freedom Bank 401 (K) Plan assets move in 2022? ▼
First Freedom Bank 401 (K) Plan edged down modestly - down 2.3% during 2022, from $7M to $7M. Reported net income was -$160K.
How have First Freedom Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Freedom Bank's sponsor-wide assets grew 6.6%, from $7M to $7M.
Which 401(k) plans are similar in size to First Freedom Bank 401 (K) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Nordic Semiconductor, Inc. 401(k) Retirement Savings Plan in OR ($7M, 47 participants).
Which 401(k) plans cover a similar participant headcount to First Freedom Bank 401 (K) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Accend Services, Inc. 401(k) Plan in MN (77 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 202432282.

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.