401(k) · DOL Form 5500 · 2023

First American Bank 401(k) Plan

Data updated 2026-08-25

$74M
Total assets Below avg plan size
270
Participants Below avg headcount
89th
Percentile by assets National rank
$273,580
Avg per participant High balance/head
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Official DOL plan name: First American Bank 401(k) Employee Stock Ownership Plan · Sponsored by First American Bank · New Mexico · Finance & Insurance

$74M in assets, 270 participants

First American Bank's First American Bank 401(k) Employee Stock Ownership Plan reported $74M in total assets and 270 participants in its 2023 DOL Form 5500 filing, ranking in the 89th 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.

  • #7,367 in Finance & Insurance (8,869 peers)

Where First American Bank 401(k) Employee Stock Ownership Plan sits by assets

First American Bank 401(k) Employee Stock Ownership Plan sits in the top quartile of all filed plans by assets, $74M for 270 participants (~$273,580/participant), up 10.4% in 2023.

#7,367
in Finance & Insurance (8,869 peers)
+10.4%
assets growth YoY
0.7×
vs typical plan assets (national mean)

First American Bank 401(k) Employee Stock Ownership Plan's outsized position by total assets

First American Bank 401(k) Employee Stock Ownership Plan vs every filed plan by assets

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

$73,866,570 Top 11% higher than 89% 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 401(k) 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 401(k) Employee Stock Ownership Plan sits mid-pack in the medium band (270 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • First American Bank 401(k) Employee Stock Ownership Plan reported net income rose from $2M in the plan year 2022 filing to $7M in the plan year 2023 filing.
  • First American Bank 401(k) Employee Stock Ownership Plan end-of-year assets rose from $67M in the plan year 2022 filing to $74M in the plan year 2023 filing.
  • First American Bank 401(k) Employee Stock Ownership Plan reported participants fell from 281 in the plan year 2022 filing to 270 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 850020635 · First American Bank PY 2023 · 401(k)

First American Bank 401(k) Employee Stock Ownership Plan · $74M · 270 · 89th

  • ASSETS $74M
  • PCT 270
  • EIN 89th
  • RANK 401(k)
  • PHOTO near Geologic Associates 401(k) Profit Sharing Plan
  • IND ind #7367

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 New Mexico →

First American Bank 401(k) Employee Stock Ownership Plan in the asset neighbourhood

First American Bank 401(k) Employee Stock Ownership PlanFirst American Bank 401(k) E…$74MGeologic Associates 401(k) Profit Sharing PlanGeologic Associates 401(k) P…$74MBehlen Mfg. Co. 401(k) Plan$74MSkf USA Inc. 401(k) Retirement and Savings Plan for Union EmployeesSkf USA Inc. 401(k) Retireme…$74MAbelson-Taylor, Inc. Profit Sharing PlanAbelson-Taylor, Inc. Profit …$74M
End-of-year total assets ($M) among First American Bank 401(k) Employee Stock Ownership Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$67M
Net Assets (End of Year)$74M
Net Income$7M
Employer EIN850020635
Plan Effective Date1989-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First American Bank)

Sponsor-wide plan assets over time

All First American Bank plans reported in each filing year

Latest sponsor-wide plan assets
$81M 21.698869027040043% vs 2022
2024 filing year
$65M$70M$75M$80M$85M 202220232024 $66.9M $81.5M ▲ +21.7%
Year Plans Participants Total Assets
2022 1 281 $67M
2023 1 270 $74M
2024 1 202 $81M

Nearby 401(k) Plans in New Mexico

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

First American Bank 401(k) Employee Stock Ownership Plan vs. nearby 401(k) plans in New Mexico, assets vs. participants Scatter plot of 6 data points. -500005000100001500020000 -202468 Total assets ($B) Participants First American Bank 401(k) Employee Stock Ownership Plan, Total assets ($B): 0.07386657 · Participants: 270First American Bank 401(k) Employee Stock Ownership PlanNtess Savings and Income Plan, Total assets ($B): 6.138288212 · Participants: 14721Ntess Savings and Income PlanTriad 401(k) Retirement Plan, Total assets ($B): 2.017061751 · Participants: 10005Triad 401(k) Retirement PlanTriad 401(k) Savings Plan, Total assets ($B): 0.83962508 · Participants: 2249Triad 401(k) Savings PlanPnm Resources, Inc. Retirement Savings Plan, Total assets ($B): 0.76542965 · Participants: 1531Pnm Resources, Inc. Retirement Savings PlanApplied Research Associates, Inc. 401(k) Profit Sharing Plan & Trust, Total assets ($B): 0.573005592 · Participants: 1962Applied Research Associates, Inc. 401(k) Profit Sharing Plan & Trust
First American Bank 401(k) Employee Stock Ownership Plan vs. nearby 401(k) plans in New Mexico, assets vs. participants
Compare First American Bank 401(k) Employee Stock Ownership Plan side-by-side with 3 peers →

First American Bank 401(k) Employee Stock Ownership Plan's out-of-state 401(k) peers by assets and headcount

Outside New Mexico, the nearest 401(k) by assets is Geologic Associates 401(k) Profit Sharing Plan in CA ($74M); by covered participants it is Revision Military 401(k) Retirement Plan in VT (270 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (270 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 401(k) Employee Stock Ownership Plan assets move in 2023? ▼
First American Bank 401(k) Employee Stock Ownership Plan grew at a solid clip - up 10.4% during 2023, from $67M to $74M. Reported net income was $7M.
How have First American Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First American Bank's sponsor-wide assets grew 21.7%, from $67M to $81M.
Where does First American Bank 401(k) Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
First American Bank 401(k) Employee Stock Ownership Plan ranks in the 89th 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 American Bank 401(k) Employee Stock Ownership Plan? ▼
Among 401(k) plans in other states, the closest by assets is Geologic Associates 401(k) Profit Sharing Plan in CA ($74M, 256 participants).
Which 401(k) plans cover a similar participant headcount to First American Bank 401(k) Employee Stock Ownership Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Revision Military 401(k) Retirement Plan in VT (270 participants, $3M 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 850020635.

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.