Defined Benefit (Pension) · DOL Form 5500 · 2023

First United Corporation Pension Plan

Data updated 2026-08-25

$52M
Total assets Below avg plan size
107
Participants Small participant base
86th
Percentile by assets National rank
$481,352
Avg per participant High balance/head
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Official DOL plan name: First United Corporation Pension Plan · Sponsored by First United Corporation · Maryland · Finance & Insurance

$52M in assets, 107 participants

First United Corporation's First United Corporation Pension Plan reported $52M in total assets and 107 participants in its 2023 DOL Form 5500 filing, ranking in the 86th 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.

  • #6,936 in Finance & Insurance (8,869 peers)

Coverage in Maryland

First United Corporation Pension Plan covers 107 participants in Maryland, about 12% of the average Maryland filer (state average ~929 per filing). Assets: $52M.

#6,936
in Finance & Insurance (8,869 peers)
+7.4%
assets growth YoY
0.5×
vs typical plan assets (national mean)

First United Corporation Pension Plan's outsized position by total assets

First United Corporation Pension Plan vs every filed plan by assets

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

$51,504,672 Top 14% higher than 86% 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 Pension 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 Pension Plan sits mid-pack in the medium band (107 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • First United Corporation Pension Plan reported net income rose from -$12M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • First United Corporation Pension Plan reported participants fell from 117 in the plan year 2022 filing to 107 in the plan year 2023 filing.
  • First United Corporation Pension Plan end-of-year assets rose from $48M in the plan year 2022 filing to $52M 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 · Defined Benefit (Pension)

First United Corporation Pension Plan · $52M · 107 · 86th

  • IND $52M
  • IND 107
  • IND 86th
  • IND Defined Benefit (Pension)
  • IND near Kuraray America Pension Plan
  • IND ind #6936

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 Pension Plan in the asset neighbourhood

The Defined Benefit Pension Plan of the Children's Institute of PittsburghThe Defined Benefit Pension …$52MAmerican Board of Pediatrics, Inc. Pension PlanAmerican Board of Pediatrics…$52MKuraray America Pension Plan$52MFirst United Corporation Pension PlanFirst United Corporation Pen…$52MThe Reliable Automatic Sprinkler Co Inc Retirement Income PlanThe Reliable Automatic Sprin…$51M
End-of-year total assets ($M) among First United Corporation Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Maryland filing particulars

Total Assets (Beginning of Year)$48M
Net Assets (End of Year)$52M
Net Income$4M
Employer EIN521380770
Plan Effective Date1951-04-01
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 Defined Benefit (Pension) Plans in Maryland

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

First United Corporation Pension Plan vs. nearby Defined Benefit (Pension) plans in Maryland, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000 -505101520 Total assets ($B) Participants First United Corporation Pension Plan, Total assets ($B): 0.051504672 · Participants: 107First United Corporation Pension PlanNational Electrical Benefit Fund, Total assets ($B): 18.88881693 · Participants: 323315National Electrical Benefit FundLockheed Martin Corporation Salaried Employee Retirement Program, Total assets ($B): 18.434547593 · Participants: 19673Lockheed Martin Corporation Salaried Employee Retirement ProgramMajor League Baseball Players Pension Plan, Total assets ($B): 4.648661647 · Participants: 1087Major League Baseball Players Pension PlanNational Automatic Sprinkler Industry Pension Fund, Total assets ($B): 4.493297428 · Participants: 15047National Automatic Sprinkler Industry Pension FundInternational Painters and Allied Trades Industry Pension Plan, Total assets ($B): 4.223547088 · Participants: 44973International Painters and Allied Trades Industry Pension Plan
First United Corporation Pension Plan vs. nearby Defined Benefit (Pension) plans in Maryland, assets vs. participants
Compare First United Corporation Pension Plan side-by-side with 3 peers →

First United Corporation Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Maryland, the nearest Defined Benefit (Pension) by assets is Kuraray America Pension Plan in TX ($52M); by covered participants it is Trimas Corporation Union Employees Pension Plan in MI (107 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (107 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 Pension Plan assets move in 2023? ▼
First United Corporation Pension Plan grew at a solid clip - up 7.4% during 2023, from $48M to $52M. Reported net income was $4M.
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 Pension Plan rank by assets among Form 5500 filers? ▼
First United Corporation Pension Plan ranks in the 86th 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 Defined Benefit (Pension) plans are similar in size to First United Corporation Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Kuraray America Pension Plan in TX ($52M, 774 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to First United Corporation Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Trimas Corporation Union Employees Pension Plan in MI (107 participants, $10M 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.