401(k) · DOL Form 5500 · 2023

First United Corporation 401(k) Plan

Data updated 2026-08-25

$38M
Total assets Below avg plan size
329
Participants Below avg headcount
82nd
Percentile by assets National rank
$116,210
Avg per participant Below avg balance/head
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Official DOL plan name: First United Corporation 401(k) Profit Sharing Plan · Sponsored by First United Corporation · Maryland · Finance & Insurance

$38M in assets, 329 participants

First United Corporation's First United Corporation 401(k) Profit Sharing Plan reported $38M in total assets and 329 participants in its 2023 DOL Form 5500 filing, ranking in the 82nd 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.

  • #6,485 in Finance & Insurance (8,869 peers)

Coverage in Maryland

First United Corporation 401(k) Profit Sharing Plan covers 329 participants in Maryland, about 35% of the average Maryland filer (state average ~929 per filing). Assets: $38M.

#6,485
in Finance & Insurance (8,869 peers)
+9.4%
assets growth YoY
0.4×
vs typical plan assets (national mean)

First United Corporation 401(k) Profit Sharing Plan's outsized position by total assets

First United Corporation 401(k) Profit Sharing Plan vs every filed plan by assets

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

$38,233,043 Top 18% higher than 82% 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 United Corporation 401(k) Profit Sharing 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 United Corporation 401(k) Profit Sharing Plan sits mid-pack in the medium band (329 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • First United Corporation 401(k) Profit Sharing Plan reported net income rose from -$6M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • First United Corporation 401(k) Profit Sharing Plan reported participants rose from 300 in the plan year 2022 filing to 329 in the plan year 2023 filing.
  • First United Corporation 401(k) Profit Sharing Plan end-of-year assets rose from $35M in the plan year 2022 filing to $38M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 521380770 · First United Corporation PY 2023 · 401(k)

First United Corporation 401(k) Profit Sharing Plan · $38M · 329 · 82nd

  • EOY $38M
  • EOY 329
  • EOY 82nd
  • EOY 401(k)
  • EOY near Big Rock 401(k) Savings Plan
  • EOY ind #6485

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 Maryland →

First United Corporation 401(k) Profit Sharing Plan in the asset neighbourhood

First United Corporation 401(k) Profit Sharing PlanFirst United Corporation 401…$38MBig Rock 401(k) Savings Plan$38MAmerican Society of Anesthesiologists 401(k) Savings PlanAmerican Society of Anesthes…$38MLjb Inc. Employee Retirement PlanLjb Inc. Employee Retirement…$38MNtt Global Data Centers Americas, Inc. 401(k) PlanNtt Global Data Centers Amer…$38M
End-of-year total assets ($M) among First United Corporation 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Maryland filing particulars

Total Assets (Beginning of Year)$35M
Net Assets (End of Year)$38M
Net Income$3M
Employer EIN521380770
Plan Effective Date1972-03-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First United Corporation)

Sponsor-wide plan assets over time

All First United Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$99M 19.30726975390489% vs 2022
2024 filing year
$80M$85M$90M$95M$100M$105M 202220232024 $82.9M $98.9M ▲ +19.3%
Year Plans Participants Total Assets
2022 2 417 $83M
2023 2 436 $90M
2024 2 441 $99M

Nearby 401(k) Plans in Maryland

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

First United Corporation 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Maryland, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -200204060 Total assets ($B) Participants First United Corporation 401(k) Profit Sharing Plan, Total assets ($B): 0.038233043 · Participants: 329First United Corporation 401(k) Profit Sharing PlanLockheed Martin Corporation Salaried Savings Plan, Total assets ($B): 47.273019756 · Participants: 91511Lockheed Martin Corporation Salaried Savings PlanMarriott Retirement Savings Plan, Total assets ($B): 10.20606962 · Participants: 96415Marriott Retirement Savings PlanT. Rowe Price U.S. Retirement Program, Total assets ($B): 4.357344903 · Participants: 6292T. Rowe Price U.S. Retirement ProgramNfl Player Second Career Savings Plan, Total assets ($B): 3.951576315 · Participants: 2767Nfl Player Second Career Savings PlanSodexo 401 (K) Employees' Retirement Savings Plan and Trust, Total assets ($B): 2.217483854 · Participants: 80121Sodexo 401 (K) Employees' Retirement Savings Plan and Trust
First United Corporation 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Maryland, assets vs. participants
Compare First United Corporation 401(k) Profit Sharing Plan side-by-side with 3 peers →

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

Outside Maryland, the nearest 401(k) by assets is Big Rock 401(k) Savings Plan in NC ($38M); by covered participants it is Lasher Auto Group 401(k) Profit Sharing Plan in CA (329 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (329 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 United Corporation 401(k) Profit Sharing Plan assets move in 2023? ▼
First United Corporation 401(k) Profit Sharing Plan grew at a solid clip - up 9.4% during 2023, from $35M to $38M. Reported net income was $3M.
How have First United Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First United Corporation's sponsor-wide assets grew 19.3%, from $83M to $99M.
Where does First United Corporation 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
First United Corporation 401(k) Profit Sharing Plan ranks in the 82nd 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 United Corporation 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Big Rock 401(k) Savings Plan in NC ($38M, 515 participants).
Which 401(k) plans cover a similar participant headcount to First United Corporation 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Lasher Auto Group 401(k) Profit Sharing Plan in CA (329 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 521380770.

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.