401(k) · DOL Form 5500 · 2023

The First Tool Corporation 401(k) Plan

Data updated 2026-08-25

$8M
Total assets Small plan by assets
112
Participants Small participant base
53rd
Percentile by assets National rank
$69,755
Avg per participant Below avg balance/head
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Official DOL plan name: The First Tool Corporation Retirement Savings Plan · Sponsored by The First Tool Corporation · Ohio · Manufacturing

$8M in assets, 112 participants

The First Tool Corporation's The First Tool Corporation Retirement Savings Plan reported $8M in total assets and 112 participants in its 2023 DOL Form 5500 filing, ranking in the 53rd 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.

  • #7,159 in Manufacturing (18,722 peers)

Coverage in Ohio

The First Tool Corporation Retirement Savings Plan covers 112 participants in Ohio, about 15% of the average Ohio filer (state average ~765 per filing). Assets: $8M.

#7,159
in Manufacturing (18,722 peers)
+13.6%
assets growth YoY

The First Tool Corporation Retirement Savings Plan's mid-pack asset rank among Manufacturing and all filers

The First Tool Corporation Retirement Savings Plan vs every filed plan by assets

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

$7,812,516 Top 47% higher than 53% 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

The First Tool Corporation Retirement 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. The First Tool Corporation Retirement Savings Plan sits mid-pack in the medium band (112 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • The First Tool Corporation Retirement Savings Plan reported net income rose from -$3M in the plan year 2022 filing to $936K in the plan year 2023 filing.
  • The First Tool Corporation Retirement Savings Plan end-of-year assets rose from $7M in the plan year 2022 filing to $8M in the plan year 2023 filing.
  • The First Tool Corporation Retirement Savings Plan reported participants rose from 109 in the plan year 2022 filing to 112 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 310724208 · The First Tool Corporation PY 2023 · 401(k)

The First Tool Corporation Retirement Savings Plan · $8M · 112 · 53rd

  • PCT $8M
  • PCT 112
  • PCT 53rd
  • PCT 401(k)
  • PCT near First Kentucky Bank 401(k) Plan
  • PCT ind #7159

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 Manufacturing retirement plans → · Plans in Ohio →

The First Tool Corporation Retirement Savings Plan in the asset neighbourhood

The First Tool Corporation Retirement Savings PlanThe First Tool Corporation R…$8MFirst Kentucky Bank 401(k) PlanFirst Kentucky Bank 401(k) P…$8MTri City Glass & Door, Inc. 401(k) Profit Sharing PlanTri City Glass & Door, Inc. …$8MWinzer Corporation 401(k) PlanWinzer Corporation 401(k) Pl…$8MHarmon, Curran, Spielberg & Eisenberg, LLP 401(k) PlanHarmon, Curran, Spielberg & …$8M
End-of-year total assets ($M) among The First Tool Corporation Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Ohio filing particulars

Total Assets (Beginning of Year)$7M
Net Assets (End of Year)$8M
Net Income$936K
Employer EIN310724208
Plan Effective Date1984-12-17
Filing StatusFILING RECEIVED

Sponsor Plan History (The First Tool Corporation)

Sponsor-wide plan assets over time

All The First Tool Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$9M 25.878898538204965% vs 2022
2024 filing year
$6M$7M$8M$9M 202220232024 $6.88M $8.66M ▲ +25.9%
Year Plans Participants Total Assets
2022 1 109 $7M
2023 1 112 $8M
2024 1 88 $9M

Nearby 401(k) Plans in Ohio

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

The First Tool Corporation Retirement Savings Plan vs. nearby 401(k) plans in Ohio, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -50510152025 Total assets ($B) Participants The First Tool Corporation Retirement Savings Plan, Total assets ($B): 0.007812516 · Participants: 112The First Tool Corporation 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
The First Tool Corporation Retirement Savings Plan vs. nearby 401(k) plans in Ohio, assets vs. participants
Compare The First Tool Corporation Retirement Savings Plan side-by-side with 3 peers →

The First Tool Corporation Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Ohio, the nearest 401(k) by assets is First Kentucky Bank 401(k) Plan in KY ($8M); by covered participants it is A&a Transfer, LLC 401(k) Plan in VA (112 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (112 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 The First Tool Corporation Retirement Savings Plan assets move in 2023? ▼
The First Tool Corporation Retirement Savings Plan grew at a solid clip - up 13.6% during 2023, from $7M to $8M. Reported net income was $936K.
How have The First Tool Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The First Tool Corporation's sponsor-wide assets grew 25.9%, from $7M to $9M.
Which 401(k) plans are similar in size to The First Tool Corporation Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is First Kentucky Bank 401(k) Plan in KY ($8M, 98 participants).
Which 401(k) plans cover a similar participant headcount to The First Tool Corporation Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is A&a Transfer, LLC 401(k) Plan in VA (112 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 310724208.

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.