401(k) · DOL Form 5500 · 2023

Firstbanc of Alabama, Incorporated 401(k) Plan

Data updated 2026-08-25

$10M
Total assets Small plan by assets
119
Participants Small participant base
58th
Percentile by assets National rank
$81,949
Avg per participant Below avg balance/head
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Official DOL plan name: Firstbanc of Alabama Incorporated 401(k) Plan · Sponsored by Firstbanc of Alabama, Incorporated · Alabama · Finance & Insurance

$10M in assets, 119 participants

Firstbanc of Alabama, Incorporated's Firstbanc of Alabama Incorporated 401(k) Plan reported $10M in total assets and 119 participants in its 2023 DOL Form 5500 filing, ranking in the 58th 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.

  • #3,791 in Finance & Insurance (8,869 peers)

Coverage in Alabama

Firstbanc of Alabama Incorporated 401(k) Plan covers 119 participants in Alabama, about 33% of the average Alabama filer (state average ~360 per filing). Assets: $10M.

#3,791
in Finance & Insurance (8,869 peers)
+12.5%
assets growth YoY

Firstbanc of Alabama Incorporated 401(k) Plan's mid-pack asset rank among Finance & Insurance and all filers

Firstbanc of Alabama Incorporated 401(k) Plan vs every filed plan by assets

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

$9,751,921 Top 42% higher than 58% 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

Firstbanc of Alabama Incorporated 401(k) 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. Firstbanc of Alabama Incorporated 401(k) Plan sits mid-pack in the medium band (119 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Firstbanc of Alabama Incorporated 401(k) Plan reported net income rose from $474K in the plan year 2022 filing to $1M in the plan year 2023 filing.
  • Firstbanc of Alabama Incorporated 401(k) Plan reported participants rose from 95 in the plan year 2022 filing to 119 in the plan year 2023 filing.
  • Firstbanc of Alabama Incorporated 401(k) Plan end-of-year assets rose from $9M in the plan year 2022 filing to $10M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 630907209 · Firstbanc of Alabama, Incorporated PY 2023 · 401(k)

Firstbanc of Alabama Incorporated 401(k) Plan · $10M · 119 · 58th

  • 5500 $10M
  • ASSETS 119
  • PCT 58th
  • EIN 401(k)
  • RANK near Virtualcfo, Inc. Retirement Savings Plan
  • PHOTO ind #3791

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 Alabama →

Firstbanc of Alabama Incorporated 401(k) Plan in the asset neighbourhood

Firstbanc of Alabama Incorporated 401(k) PlanFirstbanc of Alabama Incorpo…$10MVirtualcfo, Inc. Retirement Savings PlanVirtualcfo, Inc. Retirement …$10MStokes Wagner, Alc 401(k) Profit Sharing PlanStokes Wagner, Alc 401(k) Pr…$10MCodecademy 401(k) Plan$10MSimplicity Credit Union Capital Accumulation PlanSimplicity Credit Union Capi…$10M
End-of-year total assets ($M) among Firstbanc of Alabama Incorporated 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Alabama filing particulars

Total Assets (Beginning of Year)$9M
Net Assets (End of Year)$10M
Net Income$1M
Employer EIN630907209
Plan Effective Date1987-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Firstbanc of Alabama, Incorporated)

Sponsor-wide plan assets over time

All Firstbanc of Alabama, Incorporated plans reported in each filing year

Latest sponsor-wide plan assets
$11M 29.747389719145396% vs 2022
2024 filing year
$8M$9M$10M$11M$12M 202220232024 $8.67M $11.3M ▲ +29.8%
Year Plans Participants Total Assets
2022 1 95 $9M
2023 1 119 $10M
2024 1 122 $11M

Nearby 401(k) Plans in Alabama

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

Firstbanc of Alabama Incorporated 401(k) Plan vs. nearby 401(k) plans in Alabama, assets vs. participants Scatter plot of 6 data points. -100000100002000030000 -10123 Total assets ($B) Participants Firstbanc of Alabama Incorporated 401(k) Plan, Total assets ($B): 0.009751921 · Participants: 119Firstbanc of Alabama Incorporated 401(k) PlanRegions Financial Corporation 401(k) Plan, Total assets ($B): 2.854553916 · Participants: 20733Regions Financial Corporation 401(k) PlanEncompass Health Corporation 401(k) Retirement Plan, Total assets ($B): 1.49327201 · Participants: 24565Encompass Health Corporation 401(k) Retirement PlanHexagon Employee Retirement Savings Plan, Total assets ($B): 1.479278219 · Participants: 4618Hexagon Employee Retirement Savings PlanVulcan 401(k) Plan, Total assets ($B): 1.361024189 · Participants: 9487Vulcan 401(k) PlanMercedes-Benz U.S. International, Inc. Retirement and Savings Plan, Total assets ($B): 1.090263356 · Participants: 0Mercedes-Benz U.S. International, Inc. Retirement and Savings Plan
Firstbanc of Alabama Incorporated 401(k) Plan vs. nearby 401(k) plans in Alabama, assets vs. participants
Compare Firstbanc of Alabama Incorporated 401(k) Plan side-by-side with 3 peers →

Firstbanc of Alabama Incorporated 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Alabama, the nearest 401(k) by assets is Virtualcfo, Inc. Retirement Savings Plan in TX ($10M); by covered participants it is Shared Service Systems Defined Contribution Retirement Plan in NE (119 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($10M here).

Similar participant headcount

Nearest other-state filings by covered participants (119 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 Firstbanc of Alabama Incorporated 401(k) Plan assets move in 2023? ▼
Firstbanc of Alabama Incorporated 401(k) Plan grew at a solid clip - up 12.5% during 2023, from $9M to $10M. Reported net income was $1M.
How have Firstbanc of Alabama, Incorporated plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Firstbanc of Alabama, Incorporated's sponsor-wide assets grew 29.7%, from $9M to $11M.
Which 401(k) plans are similar in size to Firstbanc of Alabama Incorporated 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Virtualcfo, Inc. Retirement Savings Plan in TX ($10M, 66 participants).
Which 401(k) plans cover a similar participant headcount to Firstbanc of Alabama Incorporated 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Shared Service Systems Defined Contribution Retirement Plan in NE (119 participants, N/A 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 630907209.

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.