401(k) · DOL Form 5500 · 2022

First Bank Upper Michigan 401(k) Plan

Data updated 2026-08-25

$22M
Total assets Small plan by assets
122
Participants Small participant base
79th
Percentile by assets National rank
$181,293
Avg per participant Above avg balance/head
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Official DOL plan name: First Bank Upper Michigan Def Comp P/S · Sponsored by First Bank Upper Michigan · Michigan · Finance & Insurance

$22M in assets, 122 participants

First Bank Upper Michigan's First Bank Upper Michigan Def Comp P/S reported $22M in total assets and 122 participants in its 2022 DOL Form 5500 filing, ranking in the 79th 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.

  • #6,104 in Finance & Insurance (9,261 peers)

Coverage in Michigan

First Bank Upper Michigan Def Comp P/S covers 122 participants in Michigan, about 19% of the average Michigan filer (state average ~638 per filing). Assets: $22M.

#6,104
in Finance & Insurance (9,261 peers)
-16.7%
assets change YoY
0.2×
vs typical plan assets (national mean)

The plan reported a net loss of $4M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

First Bank Upper Michigan Def Comp P/S's outsized position by total assets

First Bank Upper Michigan Def Comp P/S vs every filed plan by assets

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

$22,117,773 Top 21% higher than 79% 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 Bank Upper Michigan Def Comp P/S 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 Bank Upper Michigan Def Comp P/S sits mid-pack in the medium band (122 participants).

Form 5500 schedule snapshot

Filing strip 380579985 · First Bank Upper Michigan PY 2022 · 401(k)

First Bank Upper Michigan Def Comp P/S · $22M · 122 · 79th

  • EBSA $22M
  • EBSA 122
  • EBSA 79th
  • EBSA 401(k)
  • EBSA near Kanequip, Inc. Profit Sharing Plan and Trust
  • EBSA ind #6104

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 Michigan →

First Bank Upper Michigan Def Comp P/S in the asset neighbourhood

First Bank Upper Michigan Def Comp P/SFirst Bank Upper Michigan De…$22MKanequip, Inc. Profit Sharing Plan and TrustKanequip, Inc. Profit Sharin…$22MCharles Abbott Associates, Inc. 401(k) Profit Sharing PlanCharles Abbott Associates, I…$22MKoki Holdings America Ltd. Profit Sharing andKoki Holdings America Ltd. P…$22MEnven Energy Ventures LLC 401(k) Profit Sharing Plan and TrustEnven Energy Ventures LLC 40…$22M
End-of-year total assets ($M) among First Bank Upper Michigan Def Comp P/S and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Michigan filing particulars

Total Assets (Beginning of Year)$27M
Net Assets (End of Year)$22M
Net Income-$4M
Employer EIN380579985
Plan Effective Date1988-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First Bank Upper Michigan)

Sponsor-wide plan assets over time

All First Bank Upper Michigan plans reported in each filing year

Latest sponsor-wide plan assets
$29M 31.177912893852376% vs 2022
2024 filing year
$20M$25M$30M 202220232024 $22.1M $29M ▲ +31.1%
Year Plans Participants Total Assets
2022 1 122 $22M
2023 1 125 $26M
2024 1 121 $29M

Nearby 401(k) Plans in Michigan

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

First Bank Upper Michigan Def Comp P/S vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -505101520 Total assets ($B) Participants First Bank Upper Michigan Def Comp P/S, Total assets ($B): 0.022117773 · Participants: 122First Bank Upper Michigan Def Comp P/SGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 18.071817726 · Participants: 43382General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 13.833597622 · Participants: 32974Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 9.307640951 · Participants: 16930The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 7.545889119 · Participants: 40458The General Motors Personal Savings Plan for Hourly-Rate Employees in the United StatesFord Motor Co. Tax-Efficient Savings Plan for Hourly Employees, Total assets ($B): 6.44558193 · Participants: 57811Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
First Bank Upper Michigan Def Comp P/S vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare First Bank Upper Michigan Def Comp P/S side-by-side with 3 peers →

First Bank Upper Michigan Def Comp P/S's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is Kanequip, Inc. Profit Sharing Plan and Trust in KS ($22M); by covered participants it is Fox Products Corporation 401(k) Profit Sharing Plan in IN (122 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (122 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 Bank Upper Michigan Def Comp P/S assets move in 2022? ▼
First Bank Upper Michigan Def Comp P/S declined sharply - down 16.7% during 2022, from $27M to $22M. Reported net income was -$4M.
How have First Bank Upper Michigan plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Bank Upper Michigan's sponsor-wide assets grew 31.2%, from $22M to $29M.
Where does First Bank Upper Michigan Def Comp P/S rank by assets among Form 5500 filers? ▼
First Bank Upper Michigan Def Comp P/S ranks in the 79th 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 Bank Upper Michigan Def Comp P/S? ▼
Among 401(k) plans in other states, the closest by assets is Kanequip, Inc. Profit Sharing Plan and Trust in KS ($22M, 302 participants).
Which 401(k) plans cover a similar participant headcount to First Bank Upper Michigan Def Comp P/S? ▼
Among 401(k) plans in other states, the closest by covered participants is Fox Products Corporation 401(k) Profit Sharing Plan in IN (122 participants, $7M 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 380579985.

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.