401(k) · DOL Form 5500 · 2022

First Rate, Inc. 401(k) Plan

Data updated 2026-08-25

$26M
Total assets Below avg plan size
73
Participants Small participant base
81st
Percentile by assets National rank
$353,081
Avg per participant High balance/head
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Official DOL plan name: First Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions) · Sponsored by First Rate, Inc. · Texas · Professional & Technical Services

$26M in assets, 73 participants

First Rate, Inc.'s First Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions) reported $26M in total assets and 73 participants in its 2022 DOL Form 5500 filing, ranking in the 81st 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.

  • #17,563 in Professional & Technical Services (21,562 peers)

Where First Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions) sits by assets

First Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions) sits in the top quartile of all filed plans by assets, $26M for 73 participants (~$353,081/participant), down 18.1% in 2022.

#17,563
in Professional & Technical Services (21,562 peers)
-18.1%
assets change YoY
0.3×
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 Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions)'s outsized position by total assets

First Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions) vs every filed plan by assets

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

$25,774,909 Top 19% higher than 81% 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 Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions) 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 Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions) is a small filing (73 participants) on this national headcount ladder.

EBSA filing schedule strip

Filing strip 752391523 · First Rate, Inc. PY 2022 · 401(k)

First Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions) · $26M · 73 · 81st

  • PART $26M
  • PART 73
  • PART 81st
  • PART 401(k)
  • PART near Primera Engineers 401(k) Plan
  • PART ind #17563

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 Professional & Technical Services retirement plans → · Plans in Texas →

First Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions) in the asset neighbourhood

Fleetwood - Fibre Packaging & Graphics, Inc. Retirement Savings and ProfitFleetwood - Fibre Packaging …$26MGarden of Life 401(k) Plan$26MFirst Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions)First Rate, Inc. Profit Shar…$26MPrimera Engineers 401(k) Plan$26MMetalor Technologies USA Retirement and Savings PlanMetalor Technologies USA Ret…$26M
End-of-year total assets ($M) among First Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions) and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$31M
Net Assets (End of Year)$26M
Net Income-$6M
Employer EIN752391523
Plan Effective Date2002-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First Rate, Inc.)

Sponsor-wide plan assets over time

All First Rate, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$32M 23.585588604793912% vs 2022
2024 filing year
$24M$26M$28M$30M$32M$34M 202220232024 $25.8M $31.9M ▲ +23.6%
Year Plans Participants Total Assets
2022 1 73 $26M
2023 1 71 $29M
2024 1 82 $32M

Nearby 401(k) Plans in Texas

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

First Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions) vs. nearby 401(k) plans in Texas, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -10010203040 Total assets ($B) Participants First Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions), Total assets ($B): 0.025774909 · Participants: 73First Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions)AT&T Retirement Savings Plan, Total assets ($B): 37.578871 · Participants: 144503AT&T Retirement Savings PlanExxonmobil Savings Plan, Total assets ($B): 21.266 · Participants: 23619Exxonmobil Savings PlanCaterpillar 401(k) Savings Plan, Total assets ($B): 13.794958016 · Participants: 38538Caterpillar 401(k) Savings PlanAmerican Airlines, Inc. 401(k) Plan, Total assets ($B): 12.806443202 · Participants: 85577American Airlines, Inc. 401(k) PlanDell Inc. 401(k) Plan, Total assets ($B): 11.969059 · Participants: 47532Dell Inc. 401(k) Plan
First Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions) vs. nearby 401(k) plans in Texas, assets vs. participants
Compare First Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions) side-by-side with 3 peers →

First Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions)'s out-of-state 401(k) peers by assets and headcount

Outside Texas, the nearest 401(k) by assets is Primera Engineers 401(k) Plan in IL ($26M); by covered participants it is Peoples Financial Group, Inc. ESOP W/401(k) Provisions in SC (73 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (73 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 Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions) assets move in 2022? ▼
First Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions) declined sharply - down 18.1% during 2022, from $31M to $26M. Reported net income was -$6M.
How have First Rate, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Rate, Inc.'s sponsor-wide assets grew 23.6%, from $26M to $32M.
Where does First Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions) rank by assets among Form 5500 filers? ▼
First Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions) ranks in the 81st 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 Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions)? ▼
Among 401(k) plans in other states, the closest by assets is Primera Engineers 401(k) Plan in IL ($26M, 232 participants).
Which 401(k) plans cover a similar participant headcount to First Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions)? ▼
Among 401(k) plans in other states, the closest by covered participants is Peoples Financial Group, Inc. ESOP W/401(k) Provisions in SC (73 participants, $16M 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 752391523.

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.