401(k) · DOL Form 5500 · 2022

First American Bank 401(k) Plan

Data updated 2026-08-25

$67M
Total assets Below avg plan size
281
Participants Below avg headcount
90th
Percentile by assets National rank
$238,180
Avg per participant Above avg balance/head
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Official DOL plan name: First American Bank 401(k) Employee Stock Ownership Plan · Sponsored by First American Bank · New Mexico · Finance & Insurance

$67M in assets, 281 participants

First American Bank's First American Bank 401(k) Employee Stock Ownership Plan reported $67M in total assets and 281 participants in its 2022 DOL Form 5500 filing, ranking in the 90th 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.

  • #7,803 in Finance & Insurance (9,261 peers)

Where First American Bank 401(k) Employee Stock Ownership Plan sits by assets

First American Bank 401(k) Employee Stock Ownership Plan sits in the top 10% of all filed plans by assets, $67M for 281 participants (~$238,180/participant), up 2.3% in 2022.

#7,803
in Finance & Insurance (9,261 peers)
+2.3%
assets growth YoY
0.7×
vs typical plan assets (national mean)

First American Bank 401(k) Employee Stock Ownership Plan's outsized position by total assets

First American Bank 401(k) Employee Stock Ownership Plan vs every filed plan by assets

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

$66,928,479 Top 10% higher than 90% 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 American Bank 401(k) Employee Stock Ownership 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 American Bank 401(k) Employee Stock Ownership Plan sits mid-pack in the medium band (281 participants).

Form 5500 schedule snapshot

Filing strip 850020635 · First American Bank PY 2022 · 401(k)

First American Bank 401(k) Employee Stock Ownership Plan · $67M · 281 · 90th

  • PHOTO $67M
  • IND 281
  • EOY 90th
  • 5500 401(k)
  • ASSETS near Veka Holdings, Inc. and Subsidiaries Profit Sharing & 401(k) Plan
  • PCT ind #7803

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 New Mexico →

First American Bank 401(k) Employee Stock Ownership Plan in the asset neighbourhood

Rosauers Supermarkets, Inc. Retirement PlanRosauers Supermarkets, Inc. …$67MGemini Industries, Inc. Profit Sharing PlanGemini Industries, Inc. Prof…$67MFirst American Bank 401(k) Employee Stock Ownership PlanFirst American Bank 401(k) E…$67MVeka Holdings, Inc. and Subsidiaries Profit Sharing & 401(k) PlanVeka Holdings, Inc. and Subs…$67MCbl & Associates Management, Inc. 401(k) Profit Sharing PlanCbl & Associates Management,…$67M
End-of-year total assets ($M) among First American Bank 401(k) Employee Stock Ownership Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$65M
Net Assets (End of Year)$67M
Net Income$2M
Employer EIN850020635
Plan Effective Date1989-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First American Bank)

Sponsor-wide plan assets over time

All First American Bank plans reported in each filing year

Latest sponsor-wide plan assets
$81M 21.698869027040043% vs 2022
2024 filing year
$65M$70M$75M$80M$85M 202220232024 $66.9M $81.5M ▲ +21.7%
Year Plans Participants Total Assets
2022 1 281 $67M
2023 1 270 $74M
2024 1 202 $81M

Nearby 401(k) Plans in New Mexico

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

First American Bank 401(k) Employee Stock Ownership Plan vs. nearby 401(k) plans in New Mexico, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -20246 Total assets ($B) Participants First American Bank 401(k) Employee Stock Ownership Plan, Total assets ($B): 0.066928479 · Participants: 281First American Bank 401(k) Employee Stock Ownership PlanNtess Savings and Income Plan, Total assets ($B): 5.039491778 · Participants: 14007Ntess Savings and Income PlanTriad 401(k) Retirement Plan, Total assets ($B): 1.548125595 · Participants: 8535Triad 401(k) Retirement PlanTriad 401(k) Savings Plan, Total assets ($B): 0.750238886 · Participants: 2476Triad 401(k) Savings PlanPnm Resources, Inc. Retirement Savings Plan, Total assets ($B): 0.707275306 · Participants: 1638Pnm Resources, Inc. Retirement Savings PlanApplied Research Associates, Inc. 401(k) Profit Sharing Plan & Trust, Total assets ($B): 0.445070272 · Participants: 1553Applied Research Associates, Inc. 401(k) Profit Sharing Plan & Trust
First American Bank 401(k) Employee Stock Ownership Plan vs. nearby 401(k) plans in New Mexico, assets vs. participants
Compare First American Bank 401(k) Employee Stock Ownership Plan side-by-side with 3 peers →

First American Bank 401(k) Employee Stock Ownership Plan's out-of-state 401(k) peers by assets and headcount

Outside New Mexico, the nearest 401(k) by assets is Veka Holdings, Inc. and Subsidiaries Profit Sharing & 401(k) Plan in PA ($67M); by covered participants it is Bnccorp, Inc. 401(k) Savings Plan in ND (281 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (281 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 American Bank 401(k) Employee Stock Ownership Plan assets move in 2022? ▼
First American Bank 401(k) Employee Stock Ownership Plan edged up modestly - up 2.3% during 2022, from $65M to $67M. Reported net income was $2M.
How have First American Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First American Bank's sponsor-wide assets grew 21.7%, from $67M to $81M.
Where does First American Bank 401(k) Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
First American Bank 401(k) Employee Stock Ownership Plan ranks in the 90th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to First American Bank 401(k) Employee Stock Ownership Plan? ▼
Among 401(k) plans in other states, the closest by assets is Veka Holdings, Inc. and Subsidiaries Profit Sharing & 401(k) Plan in PA ($67M, 877 participants).
Which 401(k) plans cover a similar participant headcount to First American Bank 401(k) Employee Stock Ownership Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Bnccorp, Inc. 401(k) Savings Plan in ND (281 participants, $38M 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 850020635.

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.