401(k) · DOL Form 5500 · 2023

First Rate, Inc. 401(k) Plan

Data updated 2026-08-25

$29M
Total assets Below avg plan size
71
Participants Small participant base
79th
Percentile by assets National rank
$407,633
Avg per participant High balance/head
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Official DOL plan name: First Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions) · Sponsored by First Rate, Inc. · Texas · Professional & Technical Services

$29M in assets, 71 participants

First Rate, Inc.'s First Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions) reported $29M in total assets and 71 participants in its 2023 DOL Form 5500 filing, ranking in the 79th 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.

  • #16,076 in Professional & Technical Services (20,321 peers)

Where First Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions) sits by assets

First Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions) sits in the top quartile of all filed plans by assets, $29M for 71 participants (~$407,633/participant), up 12.3% in 2023.

#16,076
in Professional & Technical Services (20,321 peers)
+12.3%
assets growth YoY
0.3×
vs typical plan assets (national mean)

First Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions)'s outsized position by total assets

First Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions) vs every filed plan by assets

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

$28,941,956 Top 21% higher than 79% 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 Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions) among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. First Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions) is a small filing (71 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • First Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions) reported net income rose from -$6M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • First Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions) end-of-year assets rose from $26M in the plan year 2022 filing to $29M in the plan year 2023 filing.
  • First Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions) reported participants fell from 73 in the plan year 2022 filing to 71 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 752391523 · First Rate, Inc. PY 2023 · 401(k)

First Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions) · $29M · 71 · 79th

  • PHOTO $29M
  • PHOTO 71
  • PHOTO 79th
  • PHOTO 401(k)
  • PHOTO near The Act 1 Group of Companies 401(k) Plan for Hourly Associates
  • PHOTO ind #16076

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 Professional & Technical Services retirement plans → · Plans in Texas →

First Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions) in the asset neighbourhood

Abdo 401(k) Profit Sharing PlanAbdo 401(k) Profit Sharing P…$29MManhattan Beer Distributors Union Employees 401(k) PlanManhattan Beer Distributors …$29MFirst Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions)First Rate, Inc. Profit Shar…$29MThe Act 1 Group of Companies 401(k) Plan for Hourly AssociatesThe Act 1 Group of Companies…$29MDellinger Group Profit Sharing PlanDellinger Group Profit Shari…$29M
End-of-year total assets ($M) among First Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions) and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$26M
Net Assets (End of Year)$29M
Net Income$3M
Employer EIN752391523
Plan Effective Date2002-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First Rate, Inc.)

Sponsor-wide plan assets over time

All First Rate, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$32M 23.585588604793912% vs 2022
2024 filing year
$24M$26M$28M$30M$32M$34M 202220232024 $25.8M $31.9M ▲ +23.6%
Year Plans Participants Total Assets
2022 1 73 $26M
2023 1 71 $29M
2024 1 82 $32M

Nearby 401(k) Plans in Texas

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

First Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions) vs. nearby 401(k) plans in Texas, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -1001020304050 Total assets ($B) Participants First Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions), Total assets ($B): 0.028941956 · Participants: 71First Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions)AT&T Retirement Savings Plan, Total assets ($B): 40.012012 · Participants: 119854AT&T Retirement Savings PlanExxonmobil Savings Plan, Total assets ($B): 21.917 · Participants: 23477Exxonmobil Savings PlanCaterpillar 401(k) Savings Plan, Total assets ($B): 16.496476432 · Participants: 41679Caterpillar 401(k) Savings PlanAmerican Airlines, Inc. 401(k) Plan, Total assets ($B): 14.680189879 · Participants: 88792American Airlines, Inc. 401(k) PlanDell Inc. 401(k) Plan, Total assets ($B): 13.529835 · Participants: 45686Dell Inc. 401(k) Plan
First Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions) vs. nearby 401(k) plans in Texas, assets vs. participants
Compare First Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions) side-by-side with 3 peers →

First Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions)'s out-of-state 401(k) peers by assets and headcount

Outside Texas, the nearest 401(k) by assets is The Act 1 Group of Companies 401(k) Plan for Hourly Associates in CA ($29M); by covered participants it is Eftec Savings Plan in MI (71 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (71 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 Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions) assets move in 2023? ▼
First Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions) grew at a solid clip - up 12.3% during 2023, from $26M to $29M. Reported net income was $3M.
How have First Rate, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Rate, Inc.'s sponsor-wide assets grew 23.6%, from $26M to $32M.
Where does First Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions) rank by assets among Form 5500 filers? ▼
First Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions) ranks in the 79th 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 Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions)? ▼
Among 401(k) plans in other states, the closest by assets is The Act 1 Group of Companies 401(k) Plan for Hourly Associates in CA ($29M, 427 participants).
Which 401(k) plans cover a similar participant headcount to First Rate, Inc. Profit Sharing Plan (with 401(k) Safe Harbor Provisions)? ▼
Among 401(k) plans in other states, the closest by covered participants is Eftec Savings Plan in MI (71 participants, $16M 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 752391523.

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.