401(k) · DOL Form 5500 · 2022

First United Corporation 401(k) Plan

Data updated 2026-08-25

$35M
Total assets Below avg plan size
300
Participants Below avg headcount
85th
Percentile by assets National rank
$116,539
Avg per participant Below avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: First United Corporation 401(k) Profit Sharing Plan · Sponsored by First United Corporation · Maryland · Finance & Insurance

$35M in assets, 300 participants

First United Corporation's First United Corporation 401(k) Profit Sharing Plan reported $35M in total assets and 300 participants in its 2022 DOL Form 5500 filing, ranking in the 85th 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.

  • #6,956 in Finance & Insurance (9,261 peers)

Coverage in Maryland

First United Corporation 401(k) Profit Sharing Plan covers 300 participants in Maryland, about 32% of the average Maryland filer (state average ~929 per filing). Assets: $35M.

#6,956
in Finance & Insurance (9,261 peers)
-13.7%
assets change YoY
0.4×
vs typical plan assets (national mean)

The plan reported a net loss of $6M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

First United Corporation 401(k) Profit Sharing Plan's outsized position by total assets

First United Corporation 401(k) Profit Sharing Plan vs every filed plan by assets

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

$34,961,693 Top 15% higher than 85% 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 United Corporation 401(k) Profit Sharing 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 United Corporation 401(k) Profit Sharing Plan sits mid-pack in the medium band (300 participants).

Form 5500 schedule snapshot

Filing strip 521380770 · First United Corporation PY 2022 · 401(k)

First United Corporation 401(k) Profit Sharing Plan · $35M · 300 · 85th

  • RANK $35M
  • PHOTO 300
  • IND 85th
  • EOY 401(k)
  • 5500 near Patientpoint 401(k) Retirement Plan
  • ASSETS ind #6956

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 Maryland →

First United Corporation 401(k) Profit Sharing Plan in the asset neighbourhood

Parker, Hudson, Rainer & Dobbs LLP Savings Incentive and Salary Deferral PlanParker, Hudson, Rainer & Dob…$35MFirst United Corporation 401(k) Profit Sharing PlanFirst United Corporation 401…$35MPatientpoint 401(k) Retirement PlanPatientpoint 401(k) Retireme…$35MHughes Hubbard & Reed Associates' Section 401(k) PlanHughes Hubbard & Reed Associ…$35MThe Beaver Excavating Company Profit Sharing PlanThe Beaver Excavating Compan…$35M
End-of-year total assets ($M) among First United Corporation 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Maryland filing particulars

Total Assets (Beginning of Year)$41M
Net Assets (End of Year)$35M
Net Income-$6M
Employer EIN521380770
Plan Effective Date1972-03-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First United Corporation)

Sponsor-wide plan assets over time

All First United Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$99M 19.30726975390489% vs 2022
2024 filing year
$80M$85M$90M$95M$100M$105M 202220232024 $82.9M $98.9M ▲ +19.3%
Year Plans Participants Total Assets
2022 2 417 $83M
2023 2 436 $90M
2024 2 441 $99M

Nearby 401(k) Plans in Maryland

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

First United Corporation 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Maryland, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000100000 -1001020304050 Total assets ($B) Participants First United Corporation 401(k) Profit Sharing Plan, Total assets ($B): 0.034961693 · Participants: 300First United Corporation 401(k) Profit Sharing PlanLockheed Martin Corporation Salaried Savings Plan, Total assets ($B): 43.624690273 · Participants: 87666Lockheed Martin Corporation Salaried Savings PlanMarriott Retirement Savings Plan, Total assets ($B): 8.25929933 · Participants: 82576Marriott Retirement Savings PlanT. Rowe Price U.S. Retirement Program, Total assets ($B): 3.651080244 · Participants: 6107T. Rowe Price U.S. Retirement ProgramNfl Player Second Career Savings Plan, Total assets ($B): 3.260404321 · Participants: 2819Nfl Player Second Career Savings PlanSodexo 401 (K) Employees' Retirement Savings Plan and Trust, Total assets ($B): 1.938654635 · Participants: 74729Sodexo 401 (K) Employees' Retirement Savings Plan and Trust
First United Corporation 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Maryland, assets vs. participants
Compare First United Corporation 401(k) Profit Sharing Plan side-by-side with 3 peers →

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

Outside Maryland, the nearest 401(k) by assets is Patientpoint 401(k) Retirement Plan in OH ($35M); by covered participants it is Parry's Pizza 401(k) Plan in CO (300 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (300 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 United Corporation 401(k) Profit Sharing Plan assets move in 2022? ▼
First United Corporation 401(k) Profit Sharing Plan pulled back noticeably - down 13.7% during 2022, from $41M to $35M. Reported net income was -$6M.
How have First United Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First United Corporation's sponsor-wide assets grew 19.3%, from $83M to $99M.
Where does First United Corporation 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
First United Corporation 401(k) Profit Sharing Plan ranks in the 85th 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 United Corporation 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Patientpoint 401(k) Retirement Plan in OH ($35M, 382 participants).
Which 401(k) plans cover a similar participant headcount to First United Corporation 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Parry's Pizza 401(k) Plan in CO (300 participants, $606K 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 521380770.

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.