401(k) · DOL Form 5500 · 2023

First Western Financial, Inc. 401(k) Plan

Data updated 2026-08-25

$32M
Total assets Below avg plan size
358
Participants Below avg headcount
80th
Percentile by assets National rank
$90,281
Avg per participant Below avg balance/head
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Official DOL plan name: First Western 401(k) Plan · Sponsored by First Western Financial, Inc. · Colorado · Finance & Insurance

$32M in assets, 358 participants

First Western Financial, Inc.'s First Western 401(k) Plan reported $32M in total assets and 358 participants in its 2023 DOL Form 5500 filing, ranking in the 80th 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.

  • #6,192 in Finance & Insurance (8,869 peers)

Where First Western 401(k) Plan sits by assets

First Western 401(k) Plan sits in the top quartile of all filed plans by assets, $32M for 358 participants (~$90,281/participant), up 13.8% in 2023.

#6,192
in Finance & Insurance (8,869 peers)
+13.8%
assets growth YoY
0.3×
vs typical plan assets (national mean)

First Western 401(k) Plan's outsized position by total assets

First Western 401(k) Plan vs every filed plan by assets

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

$32,320,590 Top 20% higher than 80% 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 Western 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. First Western 401(k) Plan sits mid-pack in the medium band (358 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • First Western 401(k) Plan reported net income rose from -$2M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • First Western 401(k) Plan end-of-year assets rose from $28M in the plan year 2022 filing to $32M in the plan year 2023 filing.
  • First Western 401(k) Plan reported participants rose from 344 in the plan year 2022 filing to 358 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 371442266 · First Western Financial, Inc. PY 2023 · 401(k)

First Western 401(k) Plan · $32M · 358 · 80th

  • NET $32M
  • NET 358
  • NET 80th
  • NET 401(k)
  • NET near Rees-Jones Holdings LLC 401(k) Profit Sharing Plan
  • NET ind #6192

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 Colorado →

First Western 401(k) Plan in the asset neighbourhood

Salem Holding Company 401(k) Profit Sharing PlanSalem Holding Company 401(k)…$32MFirst Western 401(k) Plan$32MRees-Jones Holdings LLC 401(k) Profit Sharing PlanRees-Jones Holdings LLC 401(…$32MTony Hawaii, LLC and Affiliates 401(k) Retirement SavingsTony Hawaii, LLC and Affilia…$32MMetron Aviation, Inc. 401(k) Profit Sharing PlanMetron Aviation, Inc. 401(k)…$32M
End-of-year total assets ($M) among First Western 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$28M
Net Assets (End of Year)$32M
Net Income$4M
Employer EIN371442266
Plan Effective Date2004-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First Western Financial, Inc.)

Sponsor-wide plan assets over time

All First Western Financial, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$34M 19.280320857637754% vs 2022
2024 filing year
$26M$28M$30M$32M$34M$36M 202220232024 $28.4M $33.9M ▲ +19.3%
Year Plans Participants Total Assets
2022 1 344 $28M
2023 1 358 $32M
2024 1 305 $34M

Nearby 401(k) Plans in Colorado

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

First Western 401(k) Plan vs. nearby 401(k) plans in Colorado, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -101234 Total assets ($B) Participants First Western 401(k) Plan, Total assets ($B): 0.03232059 · Participants: 358First Western 401(k) PlanDavita Retirement Savings Plan, Total assets ($B): 3.326219779 · Participants: 57711Davita Retirement Savings PlanBall Corporation 401(k) and Employee Stock Ownership Plan, Total assets ($B): 2.806549522 · Participants: 10349Ball Corporation 401(k) and Employee Stock Ownership PlanEmpower Retirement, LLC 401(k) Savings Plan, Total assets ($B): 1.852270164 · Participants: 10036Empower Retirement, LLC 401(k) Savings PlanWoodward Retirement Savings Plan, Total assets ($B): 1.765770435 · Participants: 5847Woodward Retirement Savings PlanArcadis U.S., Inc. Retirement Savings Plan, Total assets ($B): 1.686655183 · Participants: 5491Arcadis U.S., Inc. Retirement Savings Plan
First Western 401(k) Plan vs. nearby 401(k) plans in Colorado, assets vs. participants
Compare First Western 401(k) Plan side-by-side with 3 peers →

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

Outside Colorado, the nearest 401(k) by assets is Rees-Jones Holdings LLC 401(k) Profit Sharing Plan in TX ($32M); by covered participants it is Clark Hill Non-Member Attorneys 401(k) Savings Plan in MI (358 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (358 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 Western 401(k) Plan assets move in 2023? ▼
First Western 401(k) Plan grew at a solid clip - up 13.8% during 2023, from $28M to $32M. Reported net income was $4M.
How have First Western Financial, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Western Financial, Inc.'s sponsor-wide assets grew 19.3%, from $28M to $34M.
Where does First Western 401(k) Plan rank by assets among Form 5500 filers? ▼
First Western 401(k) Plan ranks in the 80th 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 401(k) plans are similar in size to First Western 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Rees-Jones Holdings LLC 401(k) Profit Sharing Plan in TX ($32M, 137 participants).
Which 401(k) plans cover a similar participant headcount to First Western 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Clark Hill Non-Member Attorneys 401(k) Savings Plan in MI (358 participants, $72M 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 371442266.

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.