401(k) · DOL Form 5500 · 2023

First Western Bancshares, Inc. 401(k) Plan

Data updated 2026-08-25

$17M
Total assets Small plan by assets
124
Participants Small participant base
69th
Percentile by assets National rank
$133,128
Avg per participant Near avg balance/head
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Official DOL plan name: First Western Bancshares, Inc. Employee Stock Ownership and 401(k) Plan · Sponsored by First Western Bancshares, Inc. · Arkansas · Finance & Insurance

$17M in assets, 124 participants

First Western Bancshares, Inc.'s First Western Bancshares, Inc. Employee Stock Ownership and 401(k) Plan reported $17M in total assets and 124 participants in its 2023 DOL Form 5500 filing, ranking in the 69th 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.

  • #4,853 in Finance & Insurance (8,869 peers)

Coverage in Arkansas

First Western Bancshares, Inc. Employee Stock Ownership and 401(k) Plan covers 124 participants in Arkansas, about 4% of the average Arkansas filer (state average ~2,784 per filing). Assets: $17M.

#4,853
in Finance & Insurance (8,869 peers)
+9.7%
assets growth YoY

First Western Bancshares, Inc. Employee Stock Ownership and 401(k) Plan's outsized position by total assets

First Western Bancshares, Inc. Employee Stock Ownership and 401(k) Plan vs every filed plan by assets

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

$16,507,842 Top 31% higher than 69% 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 Bancshares, Inc. Employee Stock Ownership and 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 Bancshares, Inc. Employee Stock Ownership and 401(k) Plan sits mid-pack in the medium band (124 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • First Western Bancshares, Inc. Employee Stock Ownership and 401(k) Plan reported net income rose from $653K in the plan year 2022 filing to $1M in the plan year 2023 filing.
  • First Western Bancshares, Inc. Employee Stock Ownership and 401(k) Plan end-of-year assets rose from $15M in the plan year 2022 filing to $17M in the plan year 2023 filing.
  • First Western Bancshares, Inc. Employee Stock Ownership and 401(k) Plan reported participants rose from 121 in the plan year 2022 filing to 124 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 710605306 · First Western Bancshares, Inc. PY 2023 · 401(k)

First Western Bancshares, Inc. Employee Stock Ownership and 401(k) Plan · $17M · 124 · 69th

  • EBSA $17M
  • PART 124
  • TYPE 69th
  • NET 401(k)
  • BOOK near Future Solutions Retirement Plan
  • VS-ST ind #4853

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 Arkansas →

First Western Bancshares, Inc. Employee Stock Ownership and 401(k) Plan in the asset neighbourhood

First Western Bancshares, Inc. Employee Stock Ownership and 401(k) PlanFirst Western Bancshares, In…$17MFuture Solutions Retirement PlanFuture Solutions Retirement …$17MFirst Oklahoma Bank 401(k) Employee Stock Ownership PlanFirst Oklahoma Bank 401(k) E…$17MWittmann USA Inc.$17MBenfield Electric Company, Inc. 401(k) Profit Sharing PlanBenfield Electric Company, I…$17M
End-of-year total assets ($M) among First Western Bancshares, Inc. Employee Stock Ownership and 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Arkansas filing particulars

Total Assets (Beginning of Year)$15M
Net Assets (End of Year)$17M
Net Income$1M
Employer EIN710605306
Plan Effective Date1976-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First Western Bancshares, Inc.)

Sponsor-wide plan assets over time

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

Latest sponsor-wide plan assets
$19M 23.392351566925036% vs 2022
2024 filing year
$14M$16M$18M$20M 202220232024 $15.1M $18.6M ▲ +23.5%
Year Plans Participants Total Assets
2022 1 121 $15M
2023 1 124 $17M
2024 1 120 $19M

Nearby 401(k) Plans in Arkansas

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

First Western Bancshares, Inc. Employee Stock Ownership and 401(k) Plan vs. nearby 401(k) plans in Arkansas, assets vs. participants Scatter plot of 6 data points. -5000000500000100000015000002000000 -1001020304050 Total assets ($B) Participants First Western Bancshares, Inc. Employee Stock Ownership and 401(k) Plan, Total assets ($B): 0.016507842 · Participants: 124First Western Bancshares, Inc. Employee Stock Ownership and 401(k) PlanWalmart 401(k) Plan, Total assets ($B): 41.538754799 · Participants: 1611202Walmart 401(k) PlanTyson Foods, Inc. Retirement Savings Plan, Total assets ($B): 3.539529752 · Participants: 113806Tyson Foods, Inc. Retirement Savings PlanDillard's, Inc. Investment & Employee Stock Ownership Plan, Total assets ($B): 2.853974665 · Participants: 30034Dillard's, Inc. Investment & Employee Stock Ownership PlanJ.B. Hunt Transport Services, Inc. Employee Retirement Plan, Total assets ($B): 1.318138116 · Participants: 39077J.B. Hunt Transport Services, Inc. Employee Retirement PlanWindstream 401(k) Plan, Total assets ($B): 1.230072939 · Participants: 10991Windstream 401(k) Plan
First Western Bancshares, Inc. Employee Stock Ownership and 401(k) Plan vs. nearby 401(k) plans in Arkansas, assets vs. participants
Compare First Western Bancshares, Inc. Employee Stock Ownership and 401(k) Plan side-by-side with 3 peers →

First Western Bancshares, Inc. Employee Stock Ownership and 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Arkansas, the nearest 401(k) by assets is Future Solutions Retirement Plan in PA ($17M); by covered participants it is F.L. Chamberlain School Retirement Plan in MA (124 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (124 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 Bancshares, Inc. Employee Stock Ownership and 401(k) Plan assets move in 2023? ▼
First Western Bancshares, Inc. Employee Stock Ownership and 401(k) Plan grew at a solid clip - up 9.7% during 2023, from $15M to $17M. Reported net income was $1M.
How have First Western Bancshares, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Western Bancshares, Inc.'s sponsor-wide assets grew 23.4%, from $15M to $19M.
Which 401(k) plans are similar in size to First Western Bancshares, Inc. Employee Stock Ownership and 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Future Solutions Retirement Plan in PA ($17M, 196 participants).
Which 401(k) plans cover a similar participant headcount to First Western Bancshares, Inc. Employee Stock Ownership and 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is F.L. Chamberlain School Retirement Plan in MA (124 participants, $1M 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 710605306.

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.