401(k) · DOL Form 5500 · 2023

1st United Bank 401(k) Plan

Data updated 2026-08-25

$3M
Total assets Small plan by assets
19
Participants Small participant base
36th
Percentile by assets National rank
$164,447
Avg per participant Above avg balance/head
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Official DOL plan name: 1st United Bank 401(k) P/S Plan · Sponsored by 1st United Bank · Minnesota · Finance & Insurance

$3M in assets, 19 participants

1st United Bank's 1st United Bank 401(k) P/S Plan reported $3M in total assets and 19 participants in its 2023 DOL Form 5500 filing, ranking in the 36th 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.

  • #2,233 in Finance & Insurance (8,869 peers)

1st United Bank multi-year trail

1st United Bank's plans moved +22.3% in assets from 2022 to 2024; this filing shows 1st United Bank 401(k) P/S Plan at $3M / 19 participants.

#2,233
in Finance & Insurance (8,869 peers)
+14.3%
assets growth YoY

1st United Bank 401(k) P/S Plan's mid-pack asset rank among Finance & Insurance and all filers

1st United Bank 401(k) P/S Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$3,124,495 36th percentile higher than 36% of 127,068 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 2023

1st United Bank 401(k) P/S Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. 1st United Bank 401(k) P/S Plan is a small filing (19 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • 1st United Bank 401(k) P/S Plan reported net income rose from -$782K in the plan year 2022 filing to $391K in the plan year 2023 filing.
  • 1st United Bank 401(k) P/S Plan end-of-year assets rose from $3M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • 1st United Bank 401(k) P/S Plan reported participants fell from 22 in the plan year 2022 filing to 19 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 410246205 · 1st United Bank PY 2023 · 401(k)

1st United Bank 401(k) P/S Plan · $3M · 19 · 36th

  • PART $3M
  • TYPE 19
  • NET 36th
  • BOOK 401(k)
  • VS-ST near Diagnostics for the Real World, Ltd 401(k) Profit Sharing Plan
  • BOY ind #2233

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 Minnesota →

1st United Bank 401(k) P/S Plan in the asset neighbourhood

Lee Construction Group 401(k) Retirement PlanLee Construction Group 401(k…$3M1st United Bank 401(k) P/S Plan1st United Bank 401(k) P/S P…$3MDiagnostics for the Real World, Ltd 401(k) Profit Sharing PlanDiagnostics for the Real Wor…$3MRick a. Hughes, Inc. Profit Sharing 401(k) PlanRick a. Hughes, Inc. Profit …$3MCahaba Wealth Management, Inc. 401(k) Profit Sharing PlanCahaba Wealth Management, In…$3M
End-of-year total assets ($M) among 1st United Bank 401(k) P/S Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

1st United Bank multi-year asset trail

Sponsor-wide plan assets over time

All 1st United Bank plans reported in each filing year

Latest sponsor-wide plan assets
$3M 22.333758867895117% vs 2022
2024 filing year
$2.6M$2.8M$3M$3.2M$3.4M$3.6M 202220232024 $2.73M $3.34M ▲ +22.3%
Year Plans Participants Total Assets
2022 1 22 $3M
2023 1 19 $3M
2024 1 23 $3M

1st United Bank filing trail (2023)

Total Assets (Beginning of Year)$3M
Net Assets (End of Year)$3M
Net Income$391K
Employer EIN410246205
Plan Effective Date1991-01-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Minnesota

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

1st United Bank 401(k) P/S Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants 1st United Bank 401(k) P/S Plan, Total assets ($B): 0.003124495 · Participants: 191st United Bank 401(k) P/S PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 22.432100178 · Participants: 198972Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 13.008265857 · Participants: 432617Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 12.931979 · Participants: 44342Medtronic Savings and Investment Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 12.04661588 · Participants: 360493M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 10.271161911 · Participants: 75272U.S. Bank 401(k) Savings Plan
1st United Bank 401(k) P/S Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare 1st United Bank 401(k) P/S Plan side-by-side with 3 peers →

1st United Bank 401(k) P/S Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Diagnostics for the Real World, Ltd 401(k) Profit Sharing Plan in CA ($3M); by covered participants it is Williams, Robinson Et Al 401(k) Plan & Trust in MO (19 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (19 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did 1st United Bank 401(k) P/S Plan assets move in 2023? ▼
1st United Bank 401(k) P/S Plan grew at a solid clip - up 14.3% during 2023, from $3M to $3M. Reported net income was $391K.
How have 1st United Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), 1st United Bank's sponsor-wide assets grew 22.3%, from $3M to $3M.
Which 401(k) plans are similar in size to 1st United Bank 401(k) P/S Plan? ▼
Among 401(k) plans in other states, the closest by assets is Diagnostics for the Real World, Ltd 401(k) Profit Sharing Plan in CA ($3M, 44 participants).
Which 401(k) plans cover a similar participant headcount to 1st United Bank 401(k) P/S Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Williams, Robinson Et Al 401(k) Plan & Trust in MO (19 participants, $3M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 410246205.

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.