401(k) · DOL Form 5500 · 2023

First Federal Bank 401(k) Plan

Data updated 2026-08-11

$85M
Total assets: 652
Participants: 90th
Percentile by assets: $130,086
Avg per participant

Official DOL plan name: First Federal Bank 401(k) Profit Sharing Plan · Sponsored by First Federal Bank · Florida · Professional & Technical Services

$85M in assets, 652 participants

First Federal Bank's First Federal Bank 401(k) Profit Sharing Plan reported $85M in total assets and 652 participants in its 2023 DOL Form 5500 filing, ranking in the 90th 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.

90th percentile by assets (of 127,072 plans)
#18,551 in Professional & Technical Services (20,321 peers)

Where First Federal Bank 401(k) Profit Sharing Plan sits by assets

First Federal Bank 401(k) Profit Sharing Plan sits in the top 10% of all filed plans by assets, $85M for 652 participants (~$130,086/participant), up 16.3% in 2023.

$85M
total plan assets (2023 EOY): 652
covered participants: 90th
percentile by assets (of 127,072 plans): $130,086
avg assets per participant

Where First Federal Bank 401(k) Profit Sharing Plan sits by total assets

First Federal Bank 401(k) Profit Sharing Plan vs every filed plan by assets

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

$84,816,200 Top 10% higher than 90% of 127,068 filed plans

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

First Federal Bank 401(k) Profit Sharing Plan reported net income rose from -$11M in the plan year 2022 filing to $12M in the plan year 2023 filing.
First Federal Bank 401(k) Profit Sharing Plan end-of-year assets rose from $73M in the plan year 2022 filing to $85M in the plan year 2023 filing.
First Federal Bank 401(k) Profit Sharing Plan reported participants fell from 716 in the plan year 2022 filing to 652 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Florida

Industry

Professional & Technical Services

First Federal Bank 401(k) Profit Sharing Plan vs the 2023 asset distribution

By assets, First Federal Bank 401(k) Profit Sharing Plan outranks 90% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 0.9x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)	$73M
Net Assets (End of Year)	$85M
Net Income	$12M
Employer EIN	590969721
Plan Effective Date	1979-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (First Federal Bank)

Total plan assets by year, all First Federal Bank plans on file

Year	Plans	Participants	Total Assets
2022	1	716	$73M
2023	1	652	$85M
2024	1	605	$93M

Nearby 401(k) Plans in Florida

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

First Federal Bank 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Florida, assets vs. participants

L3harris Retirement Savings Plan $15.4B · 40,665
Savings Plan for Employees and Partners of Pwc $11.3B · 50,817
Adp Totalsource Retirement Savings Plan $8.0B · 308,867
Trinet 401(k) Plan $7.0B · 157,945
Publix Super Markets, Inc. 401(k) Smart Plan $6.6B · 184,674

Compare First Federal Bank 401(k) Profit Sharing… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to First Federal Bank 401(k) Profit Sharing Plan by total assets, not by location.

The Cramer-Krasselt Profit Sharing/401(k) Plan (IL) $85M · 191
Swift, Currie, Mcghee & Hiers 401(k) Profit Sharing Plan (GA) $85M · 332
Improving 401(k) Plan (TX) $85M · 674
Northwest Hardwoods, Inc. 401(k) Plan (WA) $85M · 1,169

Frequently Asked Questions

How did First Federal Bank 401(k) Profit Sharing Plan assets move in 2023? ▼

First Federal Bank 401(k) Profit Sharing Plan grew sharply - up 16.3% during 2023, from $73M to $85M. Reported net income was $12M.

How have First Federal Bank plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), First Federal Bank's sponsor-wide assets grew 27.3%, from $73M to $93M.

Where does First Federal Bank 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼

First Federal Bank 401(k) Profit Sharing Plan ranks in the 90th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).

Which 401(k) plans are similar in size to First Federal Bank 401(k) Profit Sharing Plan? ▼

Among 401(k) plans in other states, the closest by assets is The Cramer-Krasselt Profit Sharing/401(k) Plan in IL ($85M, 191 participants).

Next read for First Federal Bank 401(k) Profit Sharing…

Scale reading

Ways to act on First Federal Bank 401(k) Profit Sharing Plan's numbers.

By total assets, First Federal Bank 401(k) Profit Sharing Plan ranks in the top 10% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Florida. Compare plans
First Federal Bank's sponsor-wide assets have grown 27.3% since 2022 across 3 plan years on file. More Professional & Technical Services plans

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 590969721.