401(k) · DOL Form 5500 · 2023

Firstgroup America, Inc. 401(k) Plan

Data updated 2026-08-25

$304M
Total assets Above avg plan size
50,731
Participants Very large workforce
96th
Percentile by assets National rank
$5,985
Avg per participant Low balance/head
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Official DOL plan name: First Student, Inc. Retirement Savings Plan · Sponsored by Firstgroup America, Inc. · Ohio · Transportation & Warehousing

$304M in assets, 50,731 participants

Firstgroup America, Inc.'s First Student, Inc. Retirement Savings Plan reported $304M in total assets and 50,731 participants in its 2023 DOL Form 5500 filing, ranking in the 96th 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.

  • #3,189 in Transportation & Warehousing (3,362 peers)

Coverage in Ohio

First Student, Inc. Retirement Savings Plan covers 50,731 participants in Ohio, 66x the typical Ohio plan (state average ~765 per filing). Assets: $304M.

#3,189
in Transportation & Warehousing (3,362 peers)
-1.6%
assets change YoY
3.0×
vs typical plan assets (national mean)

The plan reported a net loss of $18M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

First Student, Inc. Retirement Savings Plan's outsized position by total assets

First Student, Inc. Retirement Savings Plan vs every filed plan by assets

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

$303,645,765 Top 4% higher than 96% 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 Student, Inc. Retirement Savings Plan's mega-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. First Student, Inc. Retirement Savings Plan is a mega filing (50,731 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • First Student, Inc. Retirement Savings Plan reported net income rose from -$49M in the plan year 2022 filing to -$18M in the plan year 2023 filing.
  • First Student, Inc. Retirement Savings Plan reported participants rose from 46,790 in the plan year 2022 filing to 50,731 in the plan year 2023 filing.
  • First Student, Inc. Retirement Savings Plan end-of-year assets fell from $308M in the plan year 2022 filing to $304M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 522205403 · Firstgroup America, Inc. PY 2023 · 401(k)

First Student, Inc. Retirement Savings Plan · $304M · 50,731 · 96th

  • PHOTO $304M
  • IND 50,731
  • EOY 96th
  • 5500 401(k)
  • ASSETS near Cerberus Capital Management, L.P. Profit Sharing 401(k) Plan
  • PCT ind #3189

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 Transportation & Warehousing retirement plans → · Plans in Ohio →

First Student, Inc. Retirement Savings Plan in the asset neighbourhood

Wiley Rein LLP Retirement PlanWiley Rein LLP Retirement Pl…$304MProservice Hawaii 401(k) Plan$304MCerberus Capital Management, L.P. Profit Sharing 401(k) PlanCerberus Capital Management,…$304MFirst Student, Inc. Retirement Savings PlanFirst Student, Inc. Retireme…$304MEmployee 401(k) Thrift Plan of Pcl Construction Enterprises, Inc.Employee 401(k) Thrift Plan …$304M
End-of-year total assets ($M) among First Student, Inc. Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Ohio filing particulars

Total Assets (Beginning of Year)$308M
Net Assets (End of Year)$304M
Net Income-$18M
Employer EIN522205403
Plan Effective Date1999-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Firstgroup America, Inc.)

Sponsor-wide plan assets over time

All Firstgroup America, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$422M 8.764082808680081% vs 2022
2024 filing year
$380M$400M$420M$440M 202220232024 $388M $422M ▲ +8.8%
Year Plans Participants Total Assets
2022 2 47,018 $388M
2023 2 50,932 $401M
2024 2 43,516 $422M

Nearby 401(k) Plans in Ohio

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

First Student, Inc. Retirement Savings Plan vs. nearby 401(k) plans in Ohio, assets vs. participants Scatter plot of 6 data points. 050000100000150000 -50510152025 Total assets ($B) Participants First Student, Inc. Retirement Savings Plan, Total assets ($B): 0.303645765 · Participants: 50731First Student, Inc. Retirement Savings PlanGE Retirement Savings Plan, Total assets ($B): 19.485469047 · Participants: 59766GE Retirement Savings PlanThe Sherwin-Williams Company 401(k) Plan, Total assets ($B): 10.12932701 · Participants: 47362The Sherwin-Williams Company 401(k) PlanThe Progressive 401(k) Plan, Total assets ($B): 9.225573063 · Participants: 56176The Progressive 401(k) PlanThe Kroger Co. 401(k) Retirement Savings Account Plan, Total assets ($B): 8.445085 · Participants: 129769The Kroger Co. 401(k) Retirement Savings Account PlanNationwide Savings Plan, Total assets ($B): 7.618883027 · Participants: 24715Nationwide Savings Plan
First Student, Inc. Retirement Savings Plan vs. nearby 401(k) plans in Ohio, assets vs. participants
Compare First Student, Inc. Retirement Savings Plan side-by-side with 3 peers →

Scale composition for First Student, Inc. Retirement Savings Plan

First Student, Inc. Retirement Savings Plan reports $304M in end-of-year assets across 50,731 participants (0.002% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.054% of 93,925,755 covered participants) - about $5,985 per participant (4% of the national average assets-per-participant) . Net income for plan year 2023 was -$18M.

This plan identity (EIN 522205403, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $308M to $328M (+6.4%) while covered participants moved from 46,790 to 43,376 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 46,790 $308M Open filing
2023 50,731 $304M This page
2024 · index core 43,376 $328M Open filing

The same sponsor also keeps 1 other index-core plan on PlainRetire:

First Student, Inc. Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Ohio, the nearest 401(k) by assets is Cerberus Capital Management, L.P. Profit Sharing 401(k) Plan in NY ($304M); by covered participants it is Ahold USA, Inc. 401(k) Savings Plan for Union Associates in MA (50,728 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (50,731 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 Student, Inc. Retirement Savings Plan assets move in 2023? ▼
First Student, Inc. Retirement Savings Plan edged down modestly - down 1.6% during 2023, from $308M to $304M. Reported net income was -$18M.
How have Firstgroup America, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Firstgroup America, Inc.'s sponsor-wide assets grew 8.8%, from $388M to $422M.
Where does First Student, Inc. Retirement Savings Plan rank by assets among Form 5500 filers? ▼
First Student, Inc. Retirement Savings Plan ranks in the 96th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to First Student, Inc. Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Cerberus Capital Management, L.P. Profit Sharing 401(k) Plan in NY ($304M, 603 participants).
Which 401(k) plans cover a similar participant headcount to First Student, Inc. Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Ahold USA, Inc. 401(k) Savings Plan for Union Associates in MA (50,728 participants, $854M 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 522205403.

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.