Defined Benefit (Pension) · DOL Form 5500 · 2022

First United Corporation Pension Plan

Data updated 2026-08-25

$48M
Total assets Below avg plan size
117
Participants Small participant base
88th
Percentile by assets National rank
$409,961
Avg per participant High balance/head
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Official DOL plan name: First United Corporation Pension Plan · Sponsored by First United Corporation · Maryland · Finance & Insurance

$48M in assets, 117 participants

First United Corporation's First United Corporation Pension Plan reported $48M in total assets and 117 participants in its 2022 DOL Form 5500 filing, ranking in the 88th 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.

  • #7,428 in Finance & Insurance (9,261 peers)

Coverage in Maryland

First United Corporation Pension Plan covers 117 participants in Maryland, about 13% of the average Maryland filer (state average ~929 per filing). Assets: $48M.

#7,428
in Finance & Insurance (9,261 peers)
-19.5%
assets change YoY
0.5×
vs typical plan assets (national mean)

The plan reported a net loss of $12M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

First United Corporation Pension Plan's outsized position by total assets

First United Corporation Pension Plan vs every filed plan by assets

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

$47,965,392 Top 12% higher than 88% 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 Pension 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 Pension Plan sits mid-pack in the medium band (117 participants).

Plan-year Form 5500 strip

Filing strip 521380770 · First United Corporation PY 2022 · Defined Benefit (Pension)

First United Corporation Pension Plan · $48M · 117 · 88th

  • EIN $48M
  • EIN 117
  • EIN 88th
  • EIN Defined Benefit (Pension)
  • EIN near Cleary Gottlieb Steen & Hamilton LLP 2013 Cash Balance Plan
  • EIN ind #7428

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 Pension Plan in the asset neighbourhood

First United Corporation Pension PlanFirst United Corporation Pen…$48MCleary Gottlieb Steen & Hamilton LLP 2013 Cash Balance PlanCleary Gottlieb Steen & Hami…$48MNielsen & Bainbridge Employees' Retirement Income PlanNielsen & Bainbridge Employe…$48MNeenah Consolidated Pension PlanNeenah Consolidated Pension …$48MRetirement Plan for Bargaining Employees at IaapRetirement Plan for Bargaini…$48M
End-of-year total assets ($M) among First United Corporation Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Maryland filing particulars

Total Assets (Beginning of Year)$60M
Net Assets (End of Year)$48M
Net Income-$12M
Employer EIN521380770
Plan Effective Date1951-04-01
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 Defined Benefit (Pension) Plans in Maryland

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

First United Corporation Pension Plan vs. nearby Defined Benefit (Pension) plans in Maryland, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -505101520 Total assets ($B) Participants First United Corporation Pension Plan, Total assets ($B): 0.047965392 · Participants: 117First United Corporation Pension PlanLockheed Martin Corporation Salaried Employee Retirement Program, Total assets ($B): 18.843533772 · Participants: 21647Lockheed Martin Corporation Salaried Employee Retirement ProgramNational Automatic Sprinkler Industry Pension Fund, Total assets ($B): 4.273549408 · Participants: 14916National Automatic Sprinkler Industry Pension FundMajor League Baseball Players Pension Plan, Total assets ($B): 4.247803775 · Participants: 1041Major League Baseball Players Pension PlanInternational Painters and Allied Trades Industry Pension Plan, Total assets ($B): 3.938448124 · Participants: 50952International Painters and Allied Trades Industry Pension PlanBert Bell/Pete Rozelle Nfl Player Retirement Plan, Total assets ($B): 3.67312584 · Participants: 2587Bert Bell/Pete Rozelle Nfl Player Retirement Plan
First United Corporation Pension Plan vs. nearby Defined Benefit (Pension) plans in Maryland, assets vs. participants
Compare First United Corporation Pension Plan side-by-side with 3 peers →

First United Corporation Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Maryland, the nearest Defined Benefit (Pension) by assets is Cleary Gottlieb Steen & Hamilton LLP 2013 Cash Balance Plan in NY ($48M); by covered participants it is Mechanics Laundry & Supply, Inc. Teamsters Employees Pension Plan in OH (117 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (117 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 Pension Plan assets move in 2022? ▼
First United Corporation Pension Plan declined sharply - down 19.5% during 2022, from $60M to $48M. Reported net income was -$12M.
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 Pension Plan rank by assets among Form 5500 filers? ▼
First United Corporation Pension Plan ranks in the 88th 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 Defined Benefit (Pension) plans are similar in size to First United Corporation Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Cleary Gottlieb Steen & Hamilton LLP 2013 Cash Balance Plan in NY ($48M, 165 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to First United Corporation Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Mechanics Laundry & Supply, Inc. Teamsters Employees Pension Plan in OH (117 participants, $8M 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.