401(k) · DOL Form 5500 · 2023

United Bank of Michigan 401(k) Plan

Data updated 2026-08-25

$20M
Total assets Small plan by assets
170
Participants Small participant base
73rd
Percentile by assets National rank
$116,774
Avg per participant Below avg balance/head
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Official DOL plan name: United Bank of Michigan Savings Plan · Sponsored by United Bank of Michigan · Michigan · Finance & Insurance

$20M in assets, 170 participants

United Bank of Michigan's United Bank of Michigan Savings Plan reported $20M in total assets and 170 participants in its 2023 DOL Form 5500 filing, ranking in the 73rd 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.

  • #5,234 in Finance & Insurance (8,869 peers)

Coverage in Michigan

United Bank of Michigan Savings Plan covers 170 participants in Michigan, about 27% of the average Michigan filer (state average ~638 per filing). Assets: $20M.

#5,234
in Finance & Insurance (8,869 peers)
+23.4%
assets growth YoY

United Bank of Michigan Savings Plan's outsized position by total assets

United Bank of Michigan Savings Plan vs every filed plan by assets

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

$19,851,549 Top 27% higher than 73% 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

United Bank of Michigan Savings 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. United Bank of Michigan Savings Plan sits mid-pack in the medium band (170 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • United Bank of Michigan Savings Plan reported net income rose from -$4M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • United Bank of Michigan Savings Plan end-of-year assets rose from $16M in the plan year 2022 filing to $20M in the plan year 2023 filing.
  • United Bank of Michigan Savings Plan reported participants rose from 162 in the plan year 2022 filing to 170 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 381151910 · United Bank of Michigan PY 2023 · 401(k)

United Bank of Michigan Savings Plan · $20M · 170 · 73rd

  • EOY $20M
  • 5500 170
  • ASSETS 73rd
  • PCT 401(k)
  • EIN near Aps Technology 401(k) Plan
  • RANK ind #5234

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 Michigan →

United Bank of Michigan Savings Plan in the asset neighbourhood

United Bank of Michigan Savings PlanUnited Bank of Michigan Savi…$20MAps Technology 401(k) Plan$20MModern Method Gunite, Inc. 401(k) Profit Sharing PlanModern Method Gunite, Inc. 4…$20MNatgasoline LLC 401(k)$20MThe Kiemle Hankins Company Employee 's 401(k) PlanThe Kiemle Hankins Company E…$20M
End-of-year total assets ($M) among United Bank of Michigan Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Michigan filing particulars

Total Assets (Beginning of Year)$16M
Net Assets (End of Year)$20M
Net Income$4M
Employer EIN381151910
Plan Effective Date1985-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (United Bank of Michigan)

Sponsor-wide plan assets over time

All United Bank of Michigan plans reported in each filing year

Latest sponsor-wide plan assets
$23M 41.39623365551435% vs 2022
2024 filing year
$14M$16M$18M$20M$22M$24M 202220232024 $16.1M $22.7M ▲ +41.4%
Year Plans Participants Total Assets
2022 1 162 $16M
2023 1 170 $20M
2024 1 162 $23M

Nearby 401(k) Plans in Michigan

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

United Bank of Michigan Savings Plan vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -50510152025 Total assets ($B) Participants United Bank of Michigan Savings Plan, Total assets ($B): 0.019851549 · Participants: 170United Bank of Michigan Savings PlanGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 20.378449285 · Participants: 47299General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 15.588575271 · Participants: 30516Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 10.084842211 · Participants: 18088The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 8.580684909 · Participants: 40393The General Motors Personal Savings Plan for Hourly-Rate Employees in the United StatesFord Motor Co. Tax-Efficient Savings Plan for Hourly Employees, Total assets ($B): 7.617084451 · Participants: 59195Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
United Bank of Michigan Savings Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare United Bank of Michigan Savings Plan side-by-side with 3 peers →

United Bank of Michigan Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is Aps Technology 401(k) Plan in CT ($20M); by covered participants it is Keystone-Pacific 401(k) Plan in OR (170 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($20M here).

Similar participant headcount

Nearest other-state filings by covered participants (170 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 United Bank of Michigan Savings Plan assets move in 2023? ▼
United Bank of Michigan Savings Plan grew sharply - up 23.4% during 2023, from $16M to $20M. Reported net income was $4M.
How have United Bank of Michigan plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), United Bank of Michigan's sponsor-wide assets grew 41.4%, from $16M to $23M.
Which 401(k) plans are similar in size to United Bank of Michigan Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Aps Technology 401(k) Plan in CT ($20M, 104 participants).
Which 401(k) plans cover a similar participant headcount to United Bank of Michigan Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Keystone-Pacific 401(k) Plan in OR (170 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 381151910.

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.