401(k) · DOL Form 5500 · 2023

Bank of Ann Arbor 401(k) Plan

Data updated 2026-08-25

$57M
Total assets Below avg plan size
314
Participants Below avg headcount
87th
Percentile by assets National rank
$181,371
Avg per participant Above avg balance/head
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Official DOL plan name: Bank of Ann Arbor Employees 401(k) Profit Sharing Plan · Sponsored by Bank of Ann Arbor · Michigan · Finance & Insurance

$57M in assets, 314 participants

Bank of Ann Arbor's Bank of Ann Arbor Employees 401(k) Profit Sharing Plan reported $57M in total assets and 314 participants in its 2023 DOL Form 5500 filing, ranking in the 87th 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.

  • #7,073 in Finance & Insurance (8,869 peers)

Coverage in Michigan

Bank of Ann Arbor Employees 401(k) Profit Sharing Plan covers 314 participants in Michigan, about 49% of the average Michigan filer (state average ~638 per filing). Assets: $57M.

#7,073
in Finance & Insurance (8,869 peers)
+15.3%
assets growth YoY
0.6×
vs typical plan assets (national mean)

Bank of Ann Arbor Employees 401(k) Profit Sharing Plan's outsized position by total assets

Bank of Ann Arbor Employees 401(k) Profit Sharing Plan vs every filed plan by assets

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

$56,950,537 Top 13% higher than 87% 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

Bank of Ann Arbor Employees 401(k) Profit Sharing Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Bank of Ann Arbor Employees 401(k) Profit Sharing Plan sits mid-pack in the medium band (314 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Bank of Ann Arbor Employees 401(k) Profit Sharing Plan reported net income rose from $2M in the plan year 2022 filing to $8M in the plan year 2023 filing.
  • Bank of Ann Arbor Employees 401(k) Profit Sharing Plan reported participants rose from 213 in the plan year 2022 filing to 314 in the plan year 2023 filing.
  • Bank of Ann Arbor Employees 401(k) Profit Sharing Plan end-of-year assets rose from $49M in the plan year 2022 filing to $57M in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 383252110 · Bank of Ann Arbor PY 2023 · 401(k)

Bank of Ann Arbor Employees 401(k) Profit Sharing Plan · $57M · 314 · 87th

  • 5500 $57M
  • ASSETS 314
  • PCT 87th
  • EIN 401(k)
  • RANK near Landmark Credit Union 401(k) Plan and Trust
  • PHOTO ind #7073

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 →

Bank of Ann Arbor Employees 401(k) Profit Sharing Plan in the asset neighbourhood

Evraz Inc. 401(k) Plan$57MHumanscale 401(k) Plan$57MBank of Ann Arbor Employees 401(k) Profit Sharing PlanBank of Ann Arbor Employees …$57MLandmark Credit Union 401(k) Plan and TrustLandmark Credit Union 401(k)…$57MArkansas Heart Hospital 401(k) PlanArkansas Heart Hospital 401(…$57M
End-of-year total assets ($M) among Bank of Ann Arbor Employees 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Michigan filing particulars

Total Assets (Beginning of Year)$49M
Net Assets (End of Year)$57M
Net Income$8M
Employer EIN383252110
Plan Effective Date1996-01-02
Filing StatusFILING RECEIVED

Sponsor Plan History (Bank of Ann Arbor)

Sponsor-wide plan assets over time

All Bank of Ann Arbor plans reported in each filing year

Latest sponsor-wide plan assets
$63M 28.273743896517132% vs 2022
2024 filing year
$45M$50M$55M$60M$65M 202220232024 $49.4M $63.3M ▲ +28.3%
Year Plans Participants Total Assets
2022 1 213 $49M
2023 1 314 $57M
2024 1 309 $63M

Nearby 401(k) Plans in Michigan

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

Bank of Ann Arbor Employees 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -50510152025 Total assets ($B) Participants Bank of Ann Arbor Employees 401(k) Profit Sharing Plan, Total assets ($B): 0.056950537 · Participants: 314Bank of Ann Arbor Employees 401(k) Profit Sharing PlanGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 20.378449285 · Participants: 47299General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 15.588575271 · Participants: 30516Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 10.084842211 · Participants: 18088The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 8.580684909 · Participants: 40393The 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): 7.617084451 · Participants: 59195Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
Bank of Ann Arbor Employees 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Bank of Ann Arbor Employees 401(k) Profit Sharing Plan side-by-side with 3 peers →

Bank of Ann Arbor Employees 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is Landmark Credit Union 401(k) Plan and Trust in WI ($57M); by covered participants it is Admiral Glass & Mirror 401(k) Plan in TX (314 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($57M here).

Similar participant headcount

Nearest other-state filings by covered participants (314 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 Bank of Ann Arbor Employees 401(k) Profit Sharing Plan assets move in 2023? ▼
Bank of Ann Arbor Employees 401(k) Profit Sharing Plan grew sharply - up 15.3% during 2023, from $49M to $57M. Reported net income was $8M.
How have Bank of Ann Arbor plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Bank of Ann Arbor's sponsor-wide assets grew 28.3%, from $49M to $63M.
Where does Bank of Ann Arbor Employees 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Bank of Ann Arbor Employees 401(k) Profit Sharing Plan ranks in the 87th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Bank of Ann Arbor Employees 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Landmark Credit Union 401(k) Plan and Trust in WI ($57M, 958 participants).
Which 401(k) plans cover a similar participant headcount to Bank of Ann Arbor Employees 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Admiral Glass & Mirror 401(k) Plan in TX (314 participants, $1M 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 383252110.

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.