401(k) · DOL Form 5500 · 2023

1st Source Corporation 401(k) Plan

Data updated 2026-08-25

$237M
Total assets Near avg plan size
1,116
Participants Near avg headcount
95th
Percentile by assets National rank
$212,787
Avg per participant Above avg balance/head
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Official DOL plan name: 1st Source Corporation Employee Stock Ownership and Profit Sharing Plan · Sponsored by 1st Source Corporation · Indiana · Management of Enterprises

$237M in assets, 1,116 participants

1st Source Corporation's 1st Source Corporation Employee Stock Ownership and Profit Sharing Plan reported $237M in total assets and 1,116 participants in its 2023 DOL Form 5500 filing, ranking in the 95th 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.

  • #960 in Management of Enterprises (1,137 peers)

Coverage in Indiana

1st Source Corporation Employee Stock Ownership and Profit Sharing Plan covers 1,116 participants in Indiana, 2.1x the typical Indiana plan (state average ~541 per filing). Assets: $237M.

#960
in Management of Enterprises (1,137 peers)
+9.1%
assets growth YoY
2.4×
vs typical plan assets (national mean)

1st Source Corporation Employee Stock Ownership and Profit Sharing Plan's outsized position by total assets

1st Source Corporation Employee Stock Ownership and Profit Sharing Plan vs every filed plan by assets

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

$237,470,064 Top 5% higher than 95% 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 Source Corporation Employee Stock Ownership and Profit Sharing Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. 1st Source Corporation Employee Stock Ownership and Profit Sharing Plan lands in the large band (1,116 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • 1st Source Corporation Employee Stock Ownership and Profit Sharing Plan reported net income rose from -$30M in the plan year 2022 filing to $20M in the plan year 2023 filing.
  • 1st Source Corporation Employee Stock Ownership and Profit Sharing Plan end-of-year assets rose from $218M in the plan year 2022 filing to $237M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 351068133 · 1st Source Corporation PY 2023 · 401(k)

1st Source Corporation Employee Stock Ownership and Profit Sharing Plan · $237M · 1,116 · 95th

  • EBSA $237M
  • EBSA 1,116
  • EBSA 95th
  • EBSA 401(k)
  • EBSA near Foster Garvey 401(k) Plan
  • EBSA ind #960

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 Management of Enterprises retirement plans → · Plans in Indiana →

1st Source Corporation Employee Stock Ownership and Profit Sharing Plan in the asset neighbourhood

Ravago Americas 401(k) Savings and Profit Sharing PlanRavago Americas 401(k) Savin…$238MOrthovirginia, Inc. 401(k) Profit Sharing Plan and TrustOrthovirginia, Inc. 401(k) P…$238MEckert Seamans Cherin & Mellott, LLC Profit Sharing PlanEckert Seamans Cherin & Mell…$238M1st Source Corporation Employee Stock Ownership and Profit Sharing Plan1st Source Corporation Emplo…$237MFoster Garvey 401(k) Plan$237M
End-of-year total assets ($M) among 1st Source Corporation Employee Stock Ownership and Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Indiana filing particulars

Total Assets (Beginning of Year)$218M
Net Assets (End of Year)$237M
Net Income$20M
Employer EIN351068133
Plan Effective Date1971-09-28
Filing StatusFILING RECEIVED

Sponsor Plan History (1st Source Corporation)

Sponsor-wide plan assets over time

All 1st Source Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$268M 23.068665202752285% vs 2022
2024 filing year
$200M$220M$240M$260M$280M 202220232024 $218M $268M ▲ +23.1%
Year Plans Participants Total Assets
2022 1 1,108 $218M
2023 1 1,116 $237M
2024 1 1,168 $268M

Nearby 401(k) Plans in Indiana

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

1st Source Corporation Employee Stock Ownership and Profit Sharing Plan vs. nearby 401(k) plans in Indiana, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000100000 -5051015 Total assets ($B) Participants 1st Source Corporation Employee Stock Ownership and Profit Sharing Plan, Total assets ($B): 0.237470064 · Participants: 11161st Source Corporation Employee Stock Ownership and Profit Sharing PlanThe Lilly Employee 401(k) Plan, Total assets ($B): 11.133214731 · Participants: 17583The Lilly Employee 401(k) PlanElevance Health 401(k) Plan, Total assets ($B): 11.042395257 · Participants: 76590Elevance Health 401(k) PlanCummins Retirement and Savings Plan, Total assets ($B): 5.730057183 · Participants: 28381Cummins Retirement and Savings PlanIu Health 401(k) Savings Plan, Total assets ($B): 3.907792365 · Participants: 38575Iu Health 401(k) Savings PlanSteel Dynamics, Inc. Profit Sharing and Retirement Savings Plan, Total assets ($B): 2.573079703 · Participants: 9015Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan
1st Source Corporation Employee Stock Ownership and Profit Sharing Plan vs. nearby 401(k) plans in Indiana, assets vs. participants
Compare 1st Source Corporation Employee Stock Ownership and Profit Sharing Plan side-by-side with 3 peers →

1st Source Corporation Employee Stock Ownership and Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Indiana, the nearest 401(k) by assets is Foster Garvey 401(k) Plan in WA ($237M); by covered participants it is Summit Utilities, Inc. 401(k) Plan in AR (1,116 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,116 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 Source Corporation Employee Stock Ownership and Profit Sharing Plan assets move in 2023? ▼
1st Source Corporation Employee Stock Ownership and Profit Sharing Plan grew at a solid clip - up 9.1% during 2023, from $218M to $237M. Reported net income was $20M.
How have 1st Source Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), 1st Source Corporation's sponsor-wide assets grew 23.1%, from $218M to $268M.
Where does 1st Source Corporation Employee Stock Ownership and Profit Sharing Plan rank by assets among Form 5500 filers? ▼
1st Source Corporation Employee Stock Ownership and Profit Sharing Plan ranks in the 95th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to 1st Source Corporation Employee Stock Ownership and Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Foster Garvey 401(k) Plan in WA ($237M, 270 participants).
Which 401(k) plans cover a similar participant headcount to 1st Source Corporation Employee Stock Ownership and Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Summit Utilities, Inc. 401(k) Plan in AR (1,116 participants, $80M 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 351068133.

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.