ESOP · DOL Form 5500 · 2023

First American Bank Corporation ESOP

Data updated 2026-08-25

$68M
Total assets Below avg plan size
747
Participants Near avg headcount
88th
Percentile by assets National rank
$90,824
Avg per participant Below avg balance/head
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Official DOL plan name: First American Bank Corporation Employee Stock Ownership Plan · Sponsored by First American Bank Corporation · Illinois · Finance & Insurance

$68M in assets, 747 participants

First American Bank Corporation's First American Bank Corporation Employee Stock Ownership Plan reported $68M in total assets and 747 participants in its 2023 DOL Form 5500 filing, ranking in the 88th 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.

  • #7,280 in Finance & Insurance (8,869 peers)

Where First American Bank Corporation Employee Stock Ownership Plan sits by assets

First American Bank Corporation Employee Stock Ownership Plan sits in the top quartile of all filed plans by assets, $68M for 747 participants (~$90,824/participant), up 32.8% in 2023.

#7,280
in Finance & Insurance (8,869 peers)
+32.8%
assets growth YoY
0.7×
vs typical plan assets (national mean)

First American Bank Corporation Employee Stock Ownership Plan's outsized position by total assets

First American Bank Corporation Employee Stock Ownership Plan vs every filed plan by assets

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

$67,845,303 Top 12% higher than 88% 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 American Bank Corporation Employee Stock Ownership 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. First American Bank Corporation Employee Stock Ownership Plan sits mid-pack in the medium band (747 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • First American Bank Corporation Employee Stock Ownership Plan reported net income rose from -$6M in the plan year 2022 filing to $17M in the plan year 2023 filing.
  • First American Bank Corporation Employee Stock Ownership Plan end-of-year assets rose from $51M in the plan year 2022 filing to $68M in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 362782306 · First American Bank Corporation PY 2023 · ESOP

First American Bank Corporation Employee Stock Ownership Plan · $68M · 747 · 88th

  • BOOK $68M
  • VS-ST 747
  • BOY 88th
  • SCH ESOP
  • EBSA near Malco Products Sbc Employee Stock Ownership Plan
  • PART ind #7280

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 What is an ESOP? → · Plans in Illinois →

First American Bank Corporation Employee Stock Ownership Plan in the asset neighbourhood

Engeo Incorporated Employee Stock Ownership PlanEngeo Incorporated Employee …$68MTci Holding Company, Inc. Employee Stock Ownership PlanTci Holding Company, Inc. Em…$68MMalco Products Sbc Employee Stock Ownership PlanMalco Products Sbc Employee …$68MFirst American Bank Corporation Employee Stock Ownership PlanFirst American Bank Corporat…$68MPan-Pacific Holdings Corporation Employee Stock Ownership PlanPan-Pacific Holdings Corpora…$68M
End-of-year total assets ($M) among First American Bank Corporation Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$51M
Net Assets (End of Year)$68M
Net Income$17M
Employer EIN362782306
Plan Effective Date2006-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First American Bank Corporation)

Sponsor-wide plan assets over time

All First American Bank Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$287M 45.803557128273376% vs 2022
2024 filing year
$150M$200M$250M$300M 202220232024 $197M $287M ▲ +45.8%
Year Plans Participants Total Assets
2022 2 1,599 $197M
2023 2 1,618 $240M
2024 2 1,666 $287M

Nearby ESOP Plans in Illinois

Peer ESOP plans, same state, same plan type, ranked by total assets.

First American Bank Corporation Employee Stock Ownership Plan vs. nearby ESOP plans in Illinois, assets vs. participants Scatter plot of 6 data points. 050001000015000 -1012345 Total assets ($B) Participants First American Bank Corporation Employee Stock Ownership Plan, Total assets ($B): 0.067845303 · Participants: 747First American Bank Corporation Employee Stock Ownership PlanAmsted Industries Incorporated Employees' Stock Ownership Plan, Total assets ($B): 4.440263476 · Participants: 4738Amsted Industries Incorporated Employees' Stock Ownership PlanKehe Distributors, Inc. Employee Stock Ownership Plan, Total assets ($B): 1.616096816 · Participants: 4251Kehe Distributors, Inc. Employee Stock Ownership PlanScot Forge Company Employee Stock Ownership Plan, Total assets ($B): 1.195072662 · Participants: 486Scot Forge Company Employee Stock Ownership PlanBdo USA Employee Stock Ownership Plan, Total assets ($B): 0.91547863 · Participants: 10168Bdo USA Employee Stock Ownership PlanBdo USA Employee Stock Ownership Plan, Total assets ($B): 0.91547863 · Participants: 10168Bdo USA Employee Stock Ownership Plan
First American Bank Corporation Employee Stock Ownership Plan vs. nearby ESOP plans in Illinois, assets vs. participants
Compare First American Bank Corporation Employee Stock Ownership Plan side-by-side with 3 peers →

First American Bank Corporation Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Illinois, the nearest ESOP by assets is Malco Products Sbc Employee Stock Ownership Plan in MN ($68M); by covered participants it is Pariveda Solutions, Inc. Employee Stock Ownership Plan in TX (747 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (747 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 American Bank Corporation Employee Stock Ownership Plan assets move in 2023? ▼
First American Bank Corporation Employee Stock Ownership Plan surged - up 32.8% during 2023, from $51M to $68M. Reported net income was $17M.
How have First American Bank Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First American Bank Corporation's sponsor-wide assets grew 45.8%, from $197M to $287M.
Where does First American Bank Corporation Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
First American Bank Corporation Employee Stock Ownership Plan ranks in the 88th 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 ESOP plans are similar in size to First American Bank Corporation Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Malco Products Sbc Employee Stock Ownership Plan in MN ($68M, 186 participants).
Which ESOP plans cover a similar participant headcount to First American Bank Corporation Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Pariveda Solutions, Inc. Employee Stock Ownership Plan in TX (747 participants, $22M 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 362782306.

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.