401(k) · DOL Form 5500 · 2023

First Bank 401(k) Plan

Data updated 2026-08-25

$24M
Total assets Small plan by assets
124
Participants Small participant base
75th
Percentile by assets National rank
$189,635
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Savings Plan for Employees of First Bank · Sponsored by First Bank · Alaska · Finance & Insurance

$24M in assets, 124 participants

First Bank's Savings Plan for Employees of First Bank reported $24M in total assets and 124 participants in its 2023 DOL Form 5500 filing, ranking in the 75th 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.

  • #5,576 in Finance & Insurance (8,869 peers)

Coverage in Alaska

Savings Plan for Employees of First Bank covers 124 participants in Alaska, about 26% of the average Alaska filer (state average ~481 per filing). Assets: $24M.

#5,576
in Finance & Insurance (8,869 peers)
+12.8%
assets growth YoY
0.2×
vs typical plan assets (national mean)

Savings Plan for Employees of First Bank's outsized position by total assets

Savings Plan for Employees of First Bank vs every filed plan by assets

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

$23,514,701 Top 25% higher than 75% 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

Savings Plan for Employees of First Bank 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. Savings Plan for Employees of First Bank sits mid-pack in the medium band (124 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Savings Plan for Employees of First Bank reported net income rose from -$3M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • Savings Plan for Employees of First Bank end-of-year assets rose from $21M in the plan year 2022 filing to $24M in the plan year 2023 filing.
  • Savings Plan for Employees of First Bank reported participants fell from 126 in the plan year 2022 filing to 124 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 920007523 · First Bank PY 2023 · 401(k)

Savings Plan for Employees of First Bank · $24M · 124 · 75th

  • SCH $24M
  • EBSA 124
  • PART 75th
  • TYPE 401(k)
  • NET near Mercury Technologies, Inc 401(k) Plan
  • BOOK ind #5576

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 Alaska →

Savings Plan for Employees of First Bank in the asset neighbourhood

Polish & Slavic Federal Credit Union 401(k) PlanPolish & Slavic Federal Cred…$24MApplied Intuition 401(k) Plan$24MCenclearretirement Savings Plan.Cenclearretirement Savings P…$24MSavings Plan for Employees of First BankSavings Plan for Employees o…$24MMercury Technologies, Inc 401(k) PlanMercury Technologies, Inc 40…$24M
End-of-year total assets ($M) among Savings Plan for Employees of First Bank and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Alaska filing particulars

Total Assets (Beginning of Year)$21M
Net Assets (End of Year)$24M
Net Income$3M
Employer EIN920007523
Plan Effective Date1984-02-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First Bank)

Sponsor-wide plan assets over time

All First Bank plans reported in each filing year

Latest sponsor-wide plan assets
$23M 9.656601868677908% vs 2022
2024 filing year
$20M$21M$22M$23M$24M 202220232024 $20.8M $22.9M ▲ +9.6%
Year Plans Participants Total Assets
2022 1 126 $21M
2023 1 124 $24M
2024 1 130 $23M

Nearby 401(k) Plans in Alaska

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

Savings Plan for Employees of First Bank vs. nearby 401(k) plans in Alaska, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -0.500.511.5 Total assets ($B) Participants Savings Plan for Employees of First Bank, Total assets ($B): 0.023514701 · Participants: 124Savings Plan for Employees of First BankArctic Slope Regional Corporation and Subsidiaries Employees Retirement Plan, Total assets ($B): 1.297507306 · Participants: 14281Arctic Slope Regional Corporation and Subsidiaries Employees Retirement PlanGainwell Technologies 401(k) Plan, Total assets ($B): 0.559415606 · Participants: 10596Gainwell Technologies 401(k) PlanCook Inlet Region 401(k) Retirement Plan, Total assets ($B): 0.498406925 · Participants: 5039Cook Inlet Region 401(k) Retirement PlanBristol Bay Native Corporation 401(k) Savings Plan, Total assets ($B): 0.414835549 · Participants: 4851Bristol Bay Native Corporation 401(k) Savings PlanGci 401(k) Plan, Total assets ($B): 0.401720597 · Participants: 1826Gci 401(k) Plan
Savings Plan for Employees of First Bank vs. nearby 401(k) plans in Alaska, assets vs. participants
Compare Savings Plan for Employees of First Bank side-by-side with 3 peers →

Savings Plan for Employees of First Bank's out-of-state 401(k) peers by assets and headcount

Outside Alaska, the nearest 401(k) by assets is Mercury Technologies, Inc 401(k) Plan in CA ($24M); by covered participants it is F.L. Chamberlain School Retirement Plan in MA (124 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($24M here).

Similar participant headcount

Nearest other-state filings by covered participants (124 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 Savings Plan for Employees of First Bank assets move in 2023? ▼
Savings Plan for Employees of First Bank grew at a solid clip - up 12.8% during 2023, from $21M to $24M. Reported net income was $3M.
How have First Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Bank's sponsor-wide assets grew 9.7%, from $21M to $23M.
Where does Savings Plan for Employees of First Bank rank by assets among Form 5500 filers? ▼
Savings Plan for Employees of First Bank ranks in the 75th 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 Savings Plan for Employees of First Bank? ▼
Among 401(k) plans in other states, the closest by assets is Mercury Technologies, Inc 401(k) Plan in CA ($24M, 344 participants).
Which 401(k) plans cover a similar participant headcount to Savings Plan for Employees of First Bank? ▼
Among 401(k) plans in other states, the closest by covered participants is F.L. Chamberlain School Retirement Plan in MA (124 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 920007523.

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.