401(k) · DOL Form 5500 · 2023

First Resource Bank 401(k) Plan

Data updated 2026-08-25

$10M
Total assets Small plan by assets
64
Participants Small participant base
58th
Percentile by assets National rank
$148,896
Avg per participant Above avg balance/head
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Official DOL plan name: First Resource Bank 401(k) Profit Sharing Plan · Sponsored by First Resource Bank · Minnesota · Finance & Insurance

$10M in assets, 64 participants

First Resource Bank's First Resource Bank 401(k) Profit Sharing Plan reported $10M in total assets and 64 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.

  • #3,743 in Finance & Insurance (8,869 peers)

First Resource Bank multi-year trail

First Resource Bank's plans moved +31.5% in assets from 2022 to 2024; this filing shows First Resource Bank 401(k) Profit Sharing Plan at $10M / 64 participants.

#3,743
in Finance & Insurance (8,869 peers)
+22.0%
assets growth YoY

First Resource Bank 401(k) Profit Sharing Plan's mid-pack asset rank among Finance & Insurance and all filers

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

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

$9,529,358 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

First Resource Bank 401(k) Profit Sharing 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 Resource Bank 401(k) Profit Sharing Plan is a small filing (64 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • First Resource Bank 401(k) Profit Sharing Plan reported participants rose from 41 in the plan year 2022 filing to 64 in the plan year 2023 filing.
  • First Resource Bank 401(k) Profit Sharing Plan reported net income fell from $3M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • First Resource Bank 401(k) Profit Sharing Plan end-of-year assets rose from $8M in the plan year 2022 filing to $10M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 390585074 · First Resource Bank PY 2023 · 401(k)

First Resource Bank 401(k) Profit Sharing Plan · $10M · 64 · 58th

  • IND $10M
  • IND 64
  • IND 58th
  • IND 401(k)
  • IND near Make the Road New York 401(k) Profit Sharing Plan and Trust
  • IND ind #3743

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 Minnesota →

First Resource Bank 401(k) Profit Sharing Plan in the asset neighbourhood

First Resource Bank 401(k) Profit Sharing PlanFirst Resource Bank 401(k) P…$10MMake the Road New York 401(k) Profit Sharing Plan and TrustMake the Road New York 401(k…$10MOhana Pacific Management Company Retirement PlanOhana Pacific Management Com…$10MEast Arkansas Family Health Center, Inc. 401(k) Profit Sharing PlanEast Arkansas Family Health …$10MGreene County Health Care, Inc. 401(k) PlanGreene County Health Care, I…$10M
End-of-year total assets ($M) among First Resource Bank 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

First Resource Bank multi-year asset trail

Sponsor-wide plan assets over time

All First Resource Bank plans reported in each filing year

Latest sponsor-wide plan assets
$10M 31.510221260313614% vs 2022
2024 filing year
$7M$8M$9M$10M$11M 202220232024 $7.81M $10.3M ▲ +31.5%
Year Plans Participants Total Assets
2022 1 41 $8M
2023 1 64 $10M
2024 1 56 $10M

First Resource Bank filing trail (2023)

Total Assets (Beginning of Year)$8M
Net Assets (End of Year)$10M
Net Income$2M
Employer EIN390585074
Plan Effective Date1992-01-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Minnesota

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

First Resource Bank 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants First Resource Bank 401(k) Profit Sharing Plan, Total assets ($B): 0.009529358 · Participants: 64First Resource Bank 401(k) Profit Sharing PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 22.432100178 · Participants: 198972Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 13.008265857 · Participants: 432617Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 12.931979 · Participants: 44342Medtronic Savings and Investment Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 12.04661588 · Participants: 360493M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 10.271161911 · Participants: 75272U.S. Bank 401(k) Savings Plan
First Resource Bank 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare First Resource Bank 401(k) Profit Sharing Plan side-by-side with 3 peers →

First Resource Bank 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Make the Road New York 401(k) Profit Sharing Plan and Trust in NY ($10M); by covered participants it is Ekso Bionics 401(k) Plan in CA (64 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (64 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 Resource Bank 401(k) Profit Sharing Plan assets move in 2023? ▼
First Resource Bank 401(k) Profit Sharing Plan grew sharply - up 22.0% during 2023, from $8M to $10M. Reported net income was $2M.
How have First Resource Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Resource Bank's sponsor-wide assets grew 31.5%, from $8M to $10M.
Which 401(k) plans are similar in size to First Resource Bank 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Make the Road New York 401(k) Profit Sharing Plan and Trust in NY ($10M, 302 participants).
Which 401(k) plans cover a similar participant headcount to First Resource Bank 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Ekso Bionics 401(k) Plan in CA (64 participants, $6M 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 390585074.

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.