401(k) · DOL Form 5500 · 2023

Firstgroup America, Inc. 401(k) Plan

Data updated 2026-08-11

$304M
Total assets: 50,731
Participants: 96th
Percentile by assets: $5,985
Avg per participant

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.

96th percentile by assets (of 127,072 plans)
#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.

$304M
total plan assets (2023 EOY): 50,731
covered participants: 96th
percentile by assets (of 127,072 plans): $5,985
avg assets per participant

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 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 →

State

Ohio

Industry

Transportation & Warehousing

Participants vs Ohio filers

In Ohio, the average filing covers about 765 participants across 5,089 plans. First Student, Inc. Retirement Savings Plan reports 50,731 participants - 66x that state average ($304M EOY assets).

Ohio filing particulars

Total Assets (Beginning of Year)	$308M
Net Assets (End of Year)	$304M
Net Income	-$18M
Employer EIN	522205403
Plan Effective Date	1999-07-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Firstgroup America, Inc.)

Total plan assets by year, all Firstgroup America, Inc. plans on file

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

GE Retirement Savings Plan $19.5B · 59,766
The Sherwin-Williams Company 401(k) Plan $10.1B · 47,362
The Progressive 401(k) Plan $9.2B · 56,176
The Kroger Co. 401(k) Retirement Savings Account Plan $8.4B · 129,769
Nationwide Savings Plan $7.6B · 24,715

Compare First Student, Inc. Retirement Savings P… 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 (401(k), $328M, 43,376 participants)

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to First Student, Inc. Retirement Savings Plan by total assets, not by location.

Cerberus Capital Management, L.P. Profit Sharing 401(k) Plan (NY) $304M · 603
Employee 401(k) Thrift Plan of Pcl Construction Enterprises, Inc. (CO) $304M · 1,608
Proservice Hawaii 401(k) Plan (HI) $304M · 11,637
Wiley Rein LLP Retirement Plan (DC) $304M · 429

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).

Next read for First Student, Inc. Retirement Savings P…

Filing takeaways

Ways to act on First Student, Inc. Retirement Savings Plan's numbers.

By total assets, First Student, Inc. Retirement Savings Plan ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Ohio. Compare plans
Firstgroup America, Inc.'s sponsor-wide assets have grown 8.8% since 2022 across 3 plan years on file. More Transportation & Warehousing plans

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.