401(k) · DOL Form 5500 · 2023

First Freedom Bank 401(k) Plan

Data updated 2026-08-25

$7M
Total assets Small plan by assets
74
Participants Small participant base
51st
Percentile by assets National rank
$95,402
Avg per participant Below avg balance/head
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Official DOL plan name: First Freedom Bank 401 (K) Plan · Sponsored by First Freedom Bank · Tennessee · Finance & Insurance

$7M in assets, 74 participants

First Freedom Bank's First Freedom Bank 401 (K) Plan reported $7M in total assets and 74 participants in its 2023 DOL Form 5500 filing, ranking in the 51st 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.

  • #3,262 in Finance & Insurance (8,869 peers)

What the 2023 filing shows

First Freedom Bank 401 (K) Plan holds $7M for 74 participants - about $95,402 per participant, above the median plan by assets.

#3,262
in Finance & Insurance (8,869 peers)
+5.8%
assets growth YoY

First Freedom Bank 401 (K) Plan's mid-pack asset rank among Finance & Insurance and all filers

First Freedom Bank 401 (K) Plan vs every filed plan by assets

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

$7,059,758 Top 49% higher than 51% 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

First Freedom Bank 401 (K) Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. First Freedom Bank 401 (K) Plan is a small filing (74 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • First Freedom Bank 401 (K) Plan reported net income rose from -$160K in the plan year 2022 filing to $388K in the plan year 2023 filing.
  • First Freedom Bank 401 (K) Plan end-of-year assets rose from $7M in the plan year 2022 filing to $7M in the plan year 2023 filing.
  • First Freedom Bank 401 (K) Plan reported participants fell from 77 in the plan year 2022 filing to 74 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 202432282 · First Freedom Bank PY 2023 · 401(k)

First Freedom Bank 401 (K) Plan · $7M · 74 · 51st

  • IND $7M
  • IND 74
  • IND 51st
  • IND 401(k)
  • IND near Apptegy, Inc. 401(k) Plan
  • IND ind #3262

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 Tennessee →

First Freedom Bank 401 (K) Plan in the asset neighbourhood

First Freedom Bank 401 (K) PlanFirst Freedom Bank 401 (K) P…$7MApptegy, Inc. 401(k) Plan$7MStratford Homes 401(k) Plan$7MJet Food Stores 401 K Plan$7ML.D. Retirement Plan$7M
End-of-year total assets ($M) among First Freedom Bank 401 (K) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Filing particulars (2023)

Total Assets (Beginning of Year)$7M
Net Assets (End of Year)$7M
Net Income$388K
Employer EIN202432282
Plan Effective Date2006-04-03
Filing StatusFILING RECEIVED

Sponsor Plan History (First Freedom Bank)

Sponsor-wide plan assets over time

All First Freedom Bank plans reported in each filing year

Latest sponsor-wide plan assets
$7M 6.6037016102644674% vs 2022
2024 filing year
$6.6M$6.8M$7M$7.2M 202220232024 $6.67M $7.11M ▲ +6.6%
Year Plans Participants Total Assets
2022 1 77 $7M
2023 1 74 $7M
2024 1 76 $7M

Nearby 401(k) Plans in Tennessee

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

First Freedom Bank 401 (K) Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000 -100102030 Total assets ($B) Participants First Freedom Bank 401 (K) Plan, Total assets ($B): 0.007059758 · Participants: 74First Freedom Bank 401 (K) PlanFedex Corporation Retirement Savings Plan, Total assets ($B): 23.88081991 · Participants: 127010Fedex Corporation Retirement Savings PlanHca 401(k) Plan, Total assets ($B): 21.53517366 · Participants: 291649Hca 401(k) PlanFederal Express Corporation Pilots Retirement Savings Plan, Total assets ($B): 4.743557391 · Participants: 5728Federal Express Corporation Pilots Retirement Savings PlanInternational Paper Company Salaried Savings Plan, Total assets ($B): 4.621886139 · Participants: 12153International Paper Company Salaried Savings PlanChs/Community Health Systems, Inc. Retirement Savings Plan, Total assets ($B): 4.517708174 · Participants: 62487Chs/Community Health Systems, Inc. Retirement Savings Plan
First Freedom Bank 401 (K) Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants
Compare First Freedom Bank 401 (K) Plan side-by-side with 3 peers →

First Freedom Bank 401 (K) Plan's out-of-state 401(k) peers by assets and headcount

Outside Tennessee, the nearest 401(k) by assets is Apptegy, Inc. 401(k) Plan in AR ($7M); by covered participants it is Duenas Trailers Rental 1081. 01(D) Retirement Plan in PR (74 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($7M here).

Similar participant headcount

Nearest other-state filings by covered participants (74 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 First Freedom Bank 401 (K) Plan assets move in 2023? ▼
First Freedom Bank 401 (K) Plan grew at a solid clip - up 5.8% during 2023, from $7M to $7M. Reported net income was $388K.
How have First Freedom Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Freedom Bank's sponsor-wide assets grew 6.6%, from $7M to $7M.
Which 401(k) plans are similar in size to First Freedom Bank 401 (K) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Apptegy, Inc. 401(k) Plan in AR ($7M, 262 participants).
Which 401(k) plans cover a similar participant headcount to First Freedom Bank 401 (K) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Duenas Trailers Rental 1081. 01(D) Retirement Plan in PR (74 participants, $37K 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 202432282.

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.